Impact of Trump Tariffs on EU Industries

According to a recent report by Fitch Ratings, the tariffs introduced by the Trump administration are set to diminish revenue and profitability growth across various corporate sectors in Europe. The analysis highlights the chemical, automotive, and hardware industries as the most vulnerable to these changes.

Challenges Ahead for EU Companies

"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 US," Fitch elaborated. Furthermore, the report warns of heightened competition from Chinese firms in markets beyond the US, adding another layer of challenge for European businesses.