US President Donald Trump’s Liberation Day tariffs on European imports – set at 20% for EU member states and 10% for the UK – are poised to curtail revenue and profitability growth across several corporate sectors in Europe, according Fitch.
A US 20% reciprocal tariff on the European Union will hurt. It's worsened the eurozone's short-term outlook. Now, so much depends on European governments to push through with their planned fiscal stimulus and reforms to strengthen domestic economies.
European Commission President Ursula von der Leyen says bloc considering retaliatory moves after Trump announces 20% tariffs.