Impact of the 50% EU Tariff Threat on US Importers

With President Trump's 50% tariff threat on EU exports to the U.S. looming for June 1st, let's take a look at the impact on key sectors.

The top exports facing this tariff include pharmaceutical products, cars, and various industrial and electrical components used in construction, agriculture, aerospace, and transportation products such as forklifts, harvesters, machine tools, cranes, sorters, and engines.  President Trump's statement mentioned an exemption for products "built or manufactured" in the U.S., which suggest component imports could be exempted, but further clarification is needed.