US Edition
Impact of US tariffs varies across European Union
EUROPEAN UNION, JUL 12 – European earnings are forecast to decline with consumer and energy sectors most affected, as a 30% U.S. tariff threatens exports and euro strength adds pressure, analysts said.
- U.S. President Donald Trump announced plans to impose a 30% tariff on most European Union imports starting next month, attracting wide European attention.
- The tariff threat follows concerns over the EU's $235.6 billion annual trade surplus with the U.S., with Germany and Ireland particularly vulnerable due to their large surpluses.
- In reaction, shares of European automakers like Volkswagen, BMW, and Mercedes-Benz fell about 2%, and Stellantis suspended its 2025 forecasts because of this uncertainty.
- Analysts forecast cyclical consumer earnings to fall 24.1% and energy sector earnings by over 15% this quarter, noting these tariffs could reduce demand and increase uncertainty.
- Despite subdued earnings growth expected across Europe, economists anticipate a negotiated deal before August that may reduce tariffs to 10% universally and 20–25% by sector.
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110 Articles
Because the business in China is weakening, America should be the healer for German car manufacturers. Therefore, the tariffs announced now meet them at the present time. However, not all companies are equally affected. WORLD has subjected the important brands to a tariff analysis.
Bursa Malaysia slightly down at midday as traders weigh US tariff impact
KUALA LUMPUR: Bursa Malaysia ended the morning session slightly lower on Monday as traders continued to digest the impact of the United States’ (US) latest hefty tariffs on its trading partners, said an analyst. © New Straits Times Press (M) Bhd
Merz Says 30% US Tariffs Would Hit German Industry to ‘Core’
German Chancellor Friedrich Merz said US President Donald Trump’s threat of 30% tariffs would hit exporters in Europe’s largest economy “to the core,” if a negotiated solution in the trade conflict can’t be found in the coming weeks.
The Federation of German Industries (BDI) described Trump's imposition of tariffs on imported European products as a "warning signal" for industry on both sides of the Atlantic.
The idea of maintaining high revenues from tariffs and the guarding line with Xi (which can use the blackmail of rare lands). The leader opens cracks between allies in the single market
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