Latest news and stories about us tariffs in Portugal for expats and residents.
Portuguese exports to the United States could fall by between 6 and 7.5 per cent due to tariff increases imposed by Donald Trump. This would represent an annual negative impact of €370 million.
The EU's chief diplomat admitted today that there was relief across the Union after US President Donald Trump backed down from tariff threats against Europe, but stressed that there is “a great deal of unpredictability” in transatlantic relations.
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.
Analysts attribute the yellow metal's rise to the latest threat by the President of the United States of America to impose tariffs.
The French president is leading calls for the EU to deploy its biggest trade weapon against the United States. Some capitals aren't so sure.
Mário Crespo, a commentator for CNN Portugal, says he would also have liked to see “a more forceful symbolic deployment of troops to Greenland and for Portugal to have taken part”. “I don't accept Minister Nuno Melo's excuse,” he stresses.
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 said he will impose a 10% import duty from February on goods from eight European countries, citing their opposition to US control of Greenland.
