How much is EU trade with the US dropping?

The impact of Trump's tariffs on the EU market is already becoming tangible, with a negative trade trend second only to that with Iran.

In the first three months of 2026, the EU lost 30% of the value (€) in goods exchanged with the US compared with the same period last year, according to Eurostat.

In August 2025, the US pushed the EU into a trade deal, setting a 15% tariff on several goods.

The Trump administration justified it by citing a more than €300bn deficit with the EU.

Washington's shortfall in goods with the EU is real, though it stands at around €200bn.