Trump’s threatened 25% tariffs on EU imports could trigger ‘economic turmoil’
US president’s plan could prove to be an economic shock to both blocs, German thinktank says
Donald Trump’s threatened 25% tariffs on EU imports could trigger “economic turmoil”, sharply push down economic growth and send inflation soaring, according to a leading German thinktank.
The Kiel Institute said the US president’s promise on Wednesday that he would be imposing the levies “very soon” was a profound moment in the postwar relationship between Washington and Brussels that could prove to be an economic shock to both blocs. Continue reading...
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