Impact of US Tariffs on EU Corporate Sectors

According to a recent report by Fitch Ratings, the tariffs introduced by the Trump administration are set to dampen revenue and profitability growth across various corporate sectors in Europe. The chemical, automotive, and hardware industries are anticipated to bear the brunt of these measures.

Challenges Ahead for EU-Based Companies

Fitch highlights that despite the significant manufacturing presence of EU-based diversified industrial companies in the US, the tariffs will still impact their export volumes and the supply of intermediate parts from outside the United States. Furthermore, these companies may encounter heightened competition from Chinese firms in markets beyond the US.