21 minutes agoWhat European state could be hit the hardest by Trump tariffs?
Periskopi(a year ago)
(a year ago)According to Eurostat, the EU statistical agency, the country with the largest benefit was Germany, followed by Italy and Ireland. That suggests, if the tariffs were placed in the EU, Germany could be hit the EU's largest economy. It becomes known that more than 30% of all [...]
According to Eurostat, the EU statistical agency, the country with the largest benefit was Germany, followed by Italy and Ireland.
That suggests, if the tariffs were placed in the EU, Germany could be hit the EU's largest economy.
It becomes known that more than 30% of all exports of EU transatlantic goods were from Germany in 2023, the BBC writes.
While American President Donald Trump has repeatedly complained about exports of EU cars to the US, with few vehicles being sent to the other side.
Trump believes that by setting tariffs it can boost the American economy, protect jobs and increase tax revenues.
And it's all part of his oath America First.
But many economists have warned that tariffs have just hit businesses and consumers on both sides, with goods becoming more expensive. /Telegraphy/
