European Business Braces for Greater Impact from US Tariffs in 2026
European business sees a far greater impact in 2026 from U.S. tariffs and other trade tensions than in 2025, when front-loading mitigated the consequences, a survey by BusinessEurope showed on Monday.
The survey found that trade tensions were likely to pull 2025 gross domestic product down by 0.03 percentage points for the euro zone, the EU and a broader group of European countries. For 2026, the negative impact was likely to be 0.5 to 0.6 percentage points, with the euro zone faring worst.
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