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US President Donald Trump holds a document during the conclusion of the trade agreement with the EU, in Turnberry, Scotland, Sunday 27 July 2025.

Video. Customs duties: What will be the impact on European consumers?

Updated: 30/07/2025 - 18:47 GMT+2

The prices of European products are likely to rise in the United States. Conversely, the trade agreement should not cause inflation in Europe, as the EU has not introduced counter-tariffs on American products.

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