Impact of Trump's Tariffs on the European Market
April 4, 2025
European markets are significantly impacted by Trump's recent tariff policies, with tariffs reaching 20% for the EU and 10% for the UK. The luxury goods and food sectors are bracing for substantial losses, with expected declines of up to 20% in their sales in the U.S. The impact of the trade conflict raises concerns about ongoing business growth and employment. The effects are severe, as markets face challenging times in maintaining stability.