00:00How much is EU trade with the US dropping?
00:07The impact of Trump's tariffs on the EU market is already becoming apparent.
00:13In the first quarter of 2026, the value of EU exports to the US fell by 30% compared to
00:21the same period last year.
00:22The tariffs hit key sectors such as cars, pharmaceuticals, semiconductors, wine and cheese.
00:30The United States remains nonetheless the EU's largest export market with about 120 billion euros, roughly 19% of the
00:39bloc's total export value.
00:41But the trade decline with Washington contributed to pushing overall EU exports to the rest of the world down by
00:489% compared to the first quarter of 2025.
00:53Exports also dipped, though less sharply, with other main partners like China and Turkey.
01:00The steepest drop, however, was with Iran, minus 44%, mainly driven by sanctions related to its nuclear program, support for
01:09Russia and human rights violations.
01:11On the good news front, exports to Indonesia surged by 23% in Q1-2026.
01:18It follows the finalization of a new trade agreement called SIPA, which aims to cut or remove tariffs on most
01:26EU exports, as well as streamline customs procedures.
01:29The finalization of potrzeb • June팎 and February the fastest war is worth of Oscars from less than two Rising
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