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Trade

Trump Lifts EU Auto Tariff to 25% on Truth Social After Merz Iran Comments — ACAP Says Portugal's Direct Exposure Is Limited but Volkswagen Autoeuropa, Continental Lousado and the Component-Supplier Stack Hold the Indirect Channel

Trump Lifts EU Auto Tariff to 25% on Truth Social After Merz Iran Comments — ACAP Says Portugal's Direct Exposure Is Limited but Volkswagen Autoeuropa, Continental Lousado and the Component-Supplier Stack Hold the Indirect Channel

Trump's Truth Social post unilaterally lifts the EU auto tariff from the 15% July-2025 deal to 25% effective this week. ACAP says Portugal isn't directly exposed (most exports head to the EU) but flags the Volkswagen Autoeuropa, Continental Lousado and components stack to the global ripple.
The Portugal Brief
EU-Mercosur Interim Trade Agreement Begins Provisional Application on 1 May 2026 — Port Wine, Olive Oil and Metalomechanics Get Day-One Tariff Cuts as Beef and Rice Producers Brace for Quota-Driven Pressure

EU-Mercosur Interim Trade Agreement Begins Provisional Application on 1 May 2026 — Port Wine, Olive Oil and Metalomechanics Get Day-One Tariff Cuts as Beef and Rice Producers Brace for Quota-Driven Pressure

The commercial pillar of the EU-Mercosur Partnership Agreement begins provisional application on 1 May 2026. Portugal's wine, olive oil and metalomechanics exporters get day-one tariff cuts; beef, poultry and rice producers face quota-driven pressure with a safeguard clause Lisbon helped negotiate.
The Portugal Brief