These tariffs affect all sectors, but one of the most affected in Europe is the automobile sector, particularly in Germany: cars will now be taxed at 25%. The most affected sector in France are aeronautics, with 7.9 billion euros of exports in 2023, pharmaceuticals with 4.1 billion euros in 2023 and alcohol (especially wine) with 3,9 billion.

In addition, differentiated and higher tariff rates will apply on goods from the French overseas territories: Guadeloupe, Mayotte, Guyane and Martinique will be subject to a 10% tax in addition to the 20% levied on the rest of France, while Réunion will be subject to a total tax of 37%. Tariffs of 50% will be imposed on products from Saint-Pierre-et-Miquelon and 10% on those from French Polynesia, as these islands have not been considered part of the EU by Trump.

Commission President Ursula von der Leyen said she was ready to negotiate but was also ready for confrontation if necessary to assert the EU's interests and values. She said that the Commission is working on countermeasures. Several European heads of state are also working on measures to be adopted.

ADVANT has a team of international trade and national security attorneys, and government relations professionals ready to help European companies. Our dedicated team has decades of experience supporting clients across a range of industries – ranging from steel, chemical, rubber, mining, and agricultural products.

Prof. Dr Rainer Bierwagen
Christian Hipp
Dr Dietmar Reich
Gábor Báthory

MOBILIZE Power Solutions accelerates the electrification of mobility. The cooperation with GP JOULE CONNECT aims to increase the offer of turnkey charging solutions in Germany, Austria and Switzerland - especially for commercial fleet operators. Under the company name Elto DACH GmbH, the newly founded joint venture based in Hamburg will implement joint projects of the partners in Germany, Austria and Switzerland.

GP JOULE CONNECT, a member of the GP JOULE Group, is a leading systems house for new mobility based on renewable energies, registered in the German state of Schleswig-Holstein.

Advisors to Renault MOBILIZE / Elto Holding:
ADVANT Beiten: Tassilo Klesen (lead partner), Dr Christian von Wistinghausen and Dr Patrick Hübner (all Corporate/M&A, Berlin).

Advisors to GP JOULE CONNECT:
Dr Torsten Rosenboom and Nicolas Persch (Watson Farley Williams)

Media Contact

Frauke Reuther
Manager Kommunikation
ADVANT Beiten
+49 (69) 75 60 95 - 570
frauke.reuther@advant-beiten.com

Tassilo Klesen
Rechtsanwalt
ADVANT Beiten
+49 (30) - 2 64 71 - 351
tassilo.klesen@advant-beiten.com