CandleFocus

Euro Area preps for Trump second term, tariff risks 

Author: Content Editor
The Euro Area is preparing for the possibility of Donald Trump's second term and the return of higher tariffs. The Institute of International Finance (IIF) estimates that US tariffs may lower the Euro Area's GDP by 0.4%. The impact of renewed tariffs could be significant, especially for countries such as Germany, France, and Italy, as their exports of machinery, industrial goods, aerospace, and luxury goods may be affected. However, the timing and implementation of these tariffs may vary, and there may be a discrepancy between Trump's threats and actual actions, as seen in his first term. Observers will closely monitor the policies as they develop, including the potential for new platforms like Truth Social.

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