How much could Trump's tariffs damage Europe's economy?
A Trump victory may harm Europe's economy as proposed 10% US tariffs risk hitting European exports like autos and chemicals, eroding Europe’s GDP by up to 1.5% or about €260bn. Analysts warn of ECB rate cuts, euro weakness, and a recession risk, while defence spending could add fiscal strain.
A Trump victory may harm Europe's economy as proposed 10% US tariffs risk hitting European exports like autos and chemicals, eroding Europe’s GDP by up to 1.5% or about €260bn. Analysts warn of ECB rate cuts, euro weakness, and a recession risk, while defence spending could add fiscal strain.
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