MACRO PICTURE

Trump’s Tariffs: A Looming Economic Challenge for Europe

By Nato Balavadze

28 November 2024

In this paper we discuss:

• The background on Trump’s tariff policies;
• The ongoing US-EU trade relations as well as trade and tariff dynamics;
• The strategic importance of transatlantic trade;
• The projected economic impact of US tariffs on EU countries; and
• Germany’s economic vulnerability amid US trade risks;

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