Latest news and stories about tariffs in Portugal for expats and residents.
Trade expert Ignacio García Bercero advises the EU to pursue a conditional agreement with the US, citing ongoing uncertainty regarding the Trump administration's tariff policies as the European Parliament prepares to deliberate on the Turnberry deal.
EU lawmakers say a proposed EU–US trade pact—intended to shield European exporters from heavy duties—is effectively on hold after the US announced tariffs on eight European countries in response to their opposition to Washington’s actions regarding Greenland. EU ambassadors have been summoned to an extraordinary meeting to discuss the diplomatic fallout and next steps, underscoring how escalating US threats risk derailing broader trade cooperation and raising the prospect of a wider economic and political rift.
Andrew Puzder tells POLITICO the bloc should implement the Turnberry trade agreement without major changes.
US Treasury Secretary Scott Bessent stated on Tuesday that tariffs imposed by President Donald Trump could be reinstated as early as July at the levels in effect before the Supreme Court largely invalidated them. Bessent noted that because the tariff authority under Section 301 has already been debated in court, business leaders can begin planning and making capital investment decisions. The initiative comes as Trump seeks to rebuild his tariff barrier through other legal grounds after the Supreme Court ruled the use of emergency powers to impose many of those tariffs unconstitutional. Following the cancellation of several global tariffs, the former president instituted a temporary 10% surcharge on various imports, which expires on July 24. Regarding tariffs, the EU says it believes the US will respect the trade agreement signed in July 2025.
The EU is in the process of ratifying the deal concluded in Turnberry, Scotland, last year that saw the U.S. impose unilateral 15 percent tariffs on EU imports.
The US President states that the goal is for the majority of pharmaceutical products to be manufactured in the United States.
The European Parliament approved this Thursday the reduction of tariffs on North American agricultural and industrial products, as provided for in the agreement signed last summer between the President of the European Commission and the President of the United States. At stake are two legislative proposals: one concerning the adjustment of customs duties and the opening...
The United States has launched an investigation into the economies of 60 countries, including the European Union, Brazil, and Angola, to determine if they have taken sufficient measures to prevent the import of goods produced with forced labour. US Trade Representative Jamieson Greer stated that governments have failed to effectively prohibit the entry of such products into their markets, creating an artificial cost advantage for foreign producers. The investigations, conducted under the Trade Act of 1974, aim to determine if these practices place an unreasonable burden on US commerce and could potentially lead to new import tariffs as the administration seeks to replace revenue lost following a Supreme Court ruling against previous emergency economic tariffs.
European Commission fires back after Washington launches trade probes against that could result in new tariffs.
The threat of removing tariff exemptions for important products for Portugal, such as cork and clothing, puts the country in a more difficult situation than its European partners.
A study by the Faculty of Economics at the University of Porto warns that, in the scenario analysed, the North region will account for “more than 36% of the negative impact on production”.
After on-off talks since 2007, the two sides finally take the plunge, responding to steep U.S. tariffs and cheap goods from China.
Francesco Farioli, the coach of the blues and whites, admits the result fell short of what he expected. António Costa also praises the US for abandoning plans to impose new tariffs on Europe.
The President of the European Council, António Costa, today welcomed what he described as a 'positive' backtrack by US President Donald Trump on tariff threats against European countries prompted by the United States' interest in Greenland, and called for the 'effective stabilisation' of transatlantic relations.
The President of the European Parliament said today that 'common sense prevailed' following the United States' retreat from tariff threats, announcing the continuation of the 'internal discussions' on the EU-US trade agreement, which had been suspended.
The President of the European Parliament announces the continuation of talks on EU–US trade, which had been put off by the threat of tariffs. Trump backed down after an agreement with NATO over Greenland.
Paulo Macedo believes no one should harbour any illusion about US tariffs. 'They are here to stay,' commented the chief executive of Caixa Geral de Depósitos (CGD). What remains is to know whether 'they are reasonable' because they are being used as a form of pressure on countries. 'One of the reasons why the tariffs are coming to ...'
Portugal marks 40 years of accession to the European Union in a context “of tension and concern” over US positions on the potential acquisition of Greenland and the imposition of tariffs on certain Member States.
European Commission chief says trade diversification needed to reduce Brussels' dependency on the U.S.
The decision follows President Trump imposing tariffs of 10% and 25% on eight European countries. The suspension prevents ratification of the treaty that would have abolished duties on US exports.
The ratification process of the trade agreement that would have removed tariffs on North American products has been suspended.
The European Parliament has suspended the ratification process of the trade agreement that would have removed tariffs on US products.
The European Parliament decided to freeze the ratification of the trade agreement between the European Union and the US, agreed last July, which would have reduced trade tariffs on European exports to 15%. The suspension is justified by recent threats from Donald Trump to a number of countries for opposing the US annexation of Greenland. In a ...
The president of CIP, Armindo Monteiro, said he expects 'a firm response' from European leaders at the extraordinary European Council on Thursday to consider the US President's threat to proceed with new tariffs on eight European countries.
The President of the European Commission said on Tuesday that the imposition of additional tariffs by the United States on European countries over Greenland 'is a mistake' and assured that the European Union's (EU) response will be 'firm, united and proportionate'. In remarks at the Davos Forum in Switzerland, at a moment of transatlantic tensions due to ...
Donald Trump has again used tariffs as a weapon to try to force European countries to accept his bid to control Greenland, signalling additional 10% tariffs on a number of European countries. Although Portugal is not on that list, Portuguese companies face 'relevant indirect impacts', since tariffs affect ...
Donald Trump's determination to exert control over Greenland has brought the issue of tariffs back to the centre of the debate, with the US president threatening a 10% surcharge on European countries that oppose control of Greenland. Brussels has pledged to respond firmly, and measures are being prepared.
French President Emmanuel Macron aims to deploy the EU's so-called 'commercial bazooka' — a package of trade measures/instruments — to counter the threat of tariffs from US President Donald Trump.
After Trump’s renewed threats against the EU, the European Parliament decided to postpone indefinitely the ratification of the agreement that would remove tariffs on US exports to the single market.
Donald Trump raised the level of diplomatic tension by announcing tariffs of 10% (which could rise to 25% in June) against eight European countries that oppose the US purchase of Greenland. Among those targeted are countries such as France, Germany and Denmark. In response, French President Emmanuel Macron described the threats as “unacceptable” and urged the European Union to activate its powerful Anti-Coercion Instrument. This mechanism, never used before, would allow Brussels to respond with severe trade sanctions to protect European sovereignty.
