In U.S.-EU trade dispute, Trump claims Europe doesn't buy American cars or food. Is that true?
CBSN
The U.S. and European Union have just weeks to reach a new trade deal before President Trump plans to impose a 30% tariff on most imports from the 27 EU member countries starting Aug. 1.
The EU negotiates trade policy as a single entity and was the U.S.'s top goods trading partner in 2024, according to U.S. Census Bureau data. In 2024, the U.S. imported around $606 billion in goods from the EU and exported around $370 billion worth of products to it.
EU leaders have warned they're prepared to impose higher tariffs on hundreds of U.S. imports unless a deal can be reached in the coming weeks. Economists say the dispute could drive up consumer prices on both sides of the Atlantic.
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