Impact Of US Tariffs Varies Across European Union

Source: International Business Times

Trump said the trade imbalance with the EU justified the tariff threat AFP European countries are not all equally exposed to the US market and so will not suffer the same consequences should President Donald Trump go ahead with his threats to impose 30-percent tariffs on the European Union. Ireland, with a major pharmaceutical industry, is in the front line along with Germany, for whom the United States is a major outlet for its cars, steel and machine tools. France is less exposed, even if it does have aeronautics, food, wine and luxury goods companies that risk losing markets.