Latest news and stories about trade tariffs in finance in Portugal for expats and residents.
Home News Which regions are most affected by Trump's tarrifs? Which regions are most affected by Trump's tarrifs?
A study warns that the northern region (Norte) will suffer the greatest impact from tariffs imposed by US President Donald Trump, affecting local industries and jobs.
The North is expected to be hit hardest because it concentrates many of the activities most exposed to the tariff increases. A study estimates negative impacts on the region's production of around €300 million.
The European Parliament has again failed to give the “green light” to the trade agreement between the European Union and the United States. After freezing approval last week in response to threats of additional tariffs on European countries over Greenland, the Parliament has now postponed a new vote until 4 February...
The former Minister of the Economy stresses that Portuguese companies have managed to withstand the impact of Trump’s tariffs so far. But he warns the damage could be significant if the new measures, now announced in connection with Greenland, are imposed — they could be quite serious.
European heads of state and government met in Brussels at the request of the President of the European Council to coordinate a response to US President Donald Trump’s new tariff threats targeting eight countries, six of them EU members. The late‑afternoon summit focused on assessing the economic and trade implications, debating unified policy options — from diplomatic engagement and legal challenges at the WTO to reciprocal measures — and preserving EU cohesion while managing transatlantic ties.
Portugal's Foreign Minister backed a European countermeasure, echoing Macron's proposal to give the EU the power to limit imports or block investments from countries that use coercive economic measures. In response to threats from President Trump — notably over Greenland — the European Parliament has suspended ratification of a bilateral trade agreement that would have removed US tariffs, a move supported across the political spectrum and by the 27 member states. The shift signals growing EU unity on trade defence and calibrated reciprocity in US–EU economic relations.
The President of the European Commission says the United States' additional tariffs are a mistake. At the World Economic Forum in Davos, Switzerland, Ursula von der Leyen pledged to work with the White House on Arctic security.
The European Union says it will take a firm response, including possible countermeasures, if US President Donald Trump increases import tariffs, EU officials warn.
For the first time, France and Germany are aligned on the possible activation of the Anti-Coercion Instrument in response to Donald Trump's tariff threats.
'There are lines that must not be crossed and the sovereignty of states is one of them,' the finance minister said in Brussels. This week MEPs are due to debate the tariffs that Trump is threatening to impose.
Portugal is in a “very robust” position to withstand a potential negative shock resulting from any new tariffs Donald Trump may announce against the European Union (EU). Finance Minister Joaquim Miranda Sarmento says Europe should deliver a “united and strong response” because a line has been crossed...
The European Union may also restrict US companies' access to the European market ahead of crucial talks in Davos. On Saturday, Donald Trump said the US will impose an additional 10% tariff on goods originating from France, Germany, the United Kingdom, the Netherlands, Denmark, Norway, Sweden and Finland from 1 February.
EU policymakers in Frankfurt and Brussels should help companies in the bloc adapt to Donald Trump's 'use of tariffs as a weapon', says Mário Centeno, former governor of the Bank of Portugal (BdP) and one of six candidates in the race to replace the Spaniard Luis de ...
European markets opened lower on Monday, with the Euro Stoxx 600 down 1.24%. Trump threatens to impose 10% tariffs (rising to 25% in June) on European countries that do not support the 'sale' of Greenland to the US.
EU ambassadors are expected to meet in an emergency session this Sunday to assess the bloc's response to Donald Trump's threats and may decide to activate the European anti-coercion mechanism.
The European Union's anti-coercion instrument, which French President Emmanuel Macron will ask to be activated today if Donald Trump's threats of additional customs tariffs are carried out, was adopted in June 2023 but has never been used.
Ambassadors of the European Union member states will hold an urgent meeting on Sunday to discuss relations with the United States, following the announcement of tariffs on eight European countries.
The Committee of Permanent Representatives of the European Union's member states has been convened for an extraordinary meeting this Sunday.
Rui Henrique Santos, an expert in international relations, analyses the Europeans' stance on a day when the US announced its intention to impose new trade tariffs on several allies, linking the move to the US attempt to acquire Greenland.
The EU has responded firmly to President Trump’s announcement of tariffs on several European countries over the Greenland dispute, expressing solidarity with Denmark and warning of a “dangerous spiral” that could damage transatlantic relations and even lead to suspension of parts of the trade agreement with the US. France, Sweden and the UK have rejected intimidation and pledged a coordinated European response, while the President of the European Council is coordinating a joint position and EU leaders have convened an emergency meeting to weigh diplomatic, economic and political options.
Brussels expresses solidarity with Denmark and warns that the tariffs would damage transatlantic relations. France, Sweden and the United Kingdom reject intimidation and promise a coordinated European response.
The US president threatened to apply tariffs of 10% on goods exported by eight European countries in February and 25% from June. But he cannot impose tariffs on individual EU member states.
China has imposed provisional tariffs of up to 42.7% on dairy imports from the European Union, a measure that could affect EU dairy exporters and heighten trade tensions.
