Trump tariffs threaten Europe's economic prospects and industries, potentially leading to job losses

From Investing.com: 2024-08-11 04:32:03

The potential revival of tariffs by the Trump administration poses a significant threat to Europe’s economic prospects. Analysts warn of severe impacts on industries like automotive and machinery, heavily reliant on exports to the U.S. Market competitiveness for European exporters may decrease due to higher costs, potentially leading to job losses and GDP slowdown. The European Central Bank may face challenges in managing potential inflationary pressures.



Read more at Investing.com: How much damage would Trump tariffs do to Europe? By Investing.com