Reported about 17 hours ago
The proposed 30% tariff on European goods by the U.S. could drastically disrupt transatlantic trade, prompting European leaders to rethink their export-driven economic strategies. Despite hopes for negotiations before the impending deadline, officials warn that such tariffs would significantly hamper trade dynamics, particularly affecting key sectors like automotive and pharmaceuticals. Analysts predict that this move could lead to substantial economic losses for the EU and complicate their policy plans, as they struggle to balance growth and adaptation in a challenging global environment.
Source: YAHOO