Reported 1 day ago
U.S. President Donald Trump's proposed 50% tariff on EU goods, effective June 1, poses significant risks to European exports. In 2024, the U.S. was the EU's largest export market, with medicinal products, vehicles, and aircraft leading the categories. Major EU exporters, including Germany, Ireland, and Italy, could be severely impacted, especially in sectors like pharmaceuticals, auto manufacturing, and luxury goods. The uncertainty surrounding trade policies could undermine financial projections for numerous European companies.
Source: YAHOO