Trump's proposed tariffs could inflict significant damage on the European economy, particularly targeting critical sectors like automotive and chemicals that heavily rely on exports to the U.S. Analysts suggest a potential GDP decline of 0.11% in the Eurozone, with Italy facing a minimal impact of just 0.01%.
Nonetheless, a Trump victory could pose ongoing structural challenges for Europe. EU lawmakers stress the importance of unity and proactive measures to counteract these tariffs, highlighting the need to protect export-dependent industries.
As tensions rise, the EU remains committed to avoiding trade wars while seeking to rebalance its relations with global partners. The looming tariffs signal a critical moment for Europe as it navigates these economic threats.
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