The main theme of the document concerns tariff uncertainty and its impact on trade, especially in the context of the space sector.
Key findings include the introduction of a new tariff regime by U.S. President Trump, featuring a base tariff of 10% on most imported goods and 'reciprocal' tariffs up to 50% for certain countries. The EU was subjected to a 20% tariff and responded with a package of tariffs on American goods. The situation remains uncertain, with the possibility of tariff changes and diplomatic efforts between the EU and the U.S.