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Český rozhlas | The future of trade between the EU and the US remains uncertain

The European Union is one of the United States' largest trading partners. However, trade relations between the two powers may be significantly affected by the newly introduced tariffs. Martin Vokálek, Executive Director of the EUROPEUM Institute, commented on their impact and the broader context for Český Rozhlas.
8. July 2025

A zero-tariff scenario was likely never realistic. It was Donald Trump, during his first term, who halted negotiations on the TTIP agreement, which aimed to reduce trade barriers, including tariffs, between the European Union and the United States. He is once again using tariffs as a tool to advance his “America First” policy and to apply pressure on international partners. In the end, however, it will be American citizens who bear the consequences of these tariffs.

Brussels holds the power of the single market and so-called soft power, which it exercises across various sectors — for example, in the digital realm, where it represents a strong market backed by 27 member states. The United States, on the other hand, possesses immense political power and dominance in the fields of security and defense. It leverages this influence — for instance, by pressuring countries like South Korea and Japan. Donald Trump criticizes these nations for what he sees as insufficient defense spending, and as a form of leverage, he imposes high tariffs on them. His unpredictability also plays a significant role in this dynamic.

You can listen to the full commentary here (from about 8:09).

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