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How will U.S. trade balance with the EU change by end of 2025 if tariffs are implemented?
2
Resolution / Starting Odds
Trade deficit increases • 25%
Trade deficit decreases • 25%
Trade balance remains the same • 25%
Other outcome • 25%
Data from the U.S. Census Bureau or Bureau of Economic Analysis
Story
Trump Proposes 100-200% Tariffs on EU Goods, 20% on All Imports
Nov 3, 2024, 03:57 PM
Former US President Donald Trump has announced plans to impose significant tariffs on goods from European Union (EU) countries if he is re-elected. Trump described EU countries as being as bad as China, accusing them of not accepting American goods while freely selling their own to the US. He proposed tariffs ranging from 100% to 200% on products from these countries. Trump called tariffs a 'beautiful word'. Former US Ambassador to the UK Philip Reeker indicated that tariffs could be as high as 20% on all imported goods under a Trump administration.
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Improvement in trade balance • 25%
Worsening of trade balance • 25%
No significant change • 25%
Initial worsening followed by improvement • 25%
Increase in U.S. trade deficit • 25%
Decrease in U.S. trade deficit • 25%
No significant change • 25%
Other outcome • 25%
Increase in U.S. trade deficit • 25%
Decrease in U.S. trade deficit • 25%
No significant change • 25%
Other outcome • 25%
Significant economic downturn • 25%
Minor economic impact • 25%
No noticeable impact • 25%
Economic growth despite tariffs • 25%
Improved relations • 25%
No significant change • 25%
Increased tensions • 25%
Trade war • 25%
Increased U.S. trade deficit • 25%
Decreased U.S. trade deficit • 25%
No significant change • 25%
Other • 25%
Significant negative impact • 25%
Moderate negative impact • 25%
No significant impact • 25%
Positive impact • 25%
Improved relations • 25%
No significant change • 25%
Deteriorated relations • 25%
Formal trade agreements altered • 25%
New energy trade deal • 25%
Tariffs imposed • 25%
Status quo maintained • 25%
Trade tensions escalate • 25%
Improved Relations • 25%
Worsened Relations • 25%
No Change • 25%
Formal Trade Dispute • 25%