“Europe's worst nightmare has just become a reality.” The EU will be severely affected by the new US customs duties. Economists cut the forecasts of economic growth

The increase of American tariffs on imports from the European Union will have a severe impact on the European economy, economists estimate. Some banks have already cut the growth forecasts for the euro area.

US President Donald Trump has confirmed or even exceeded the most pessimistic expectations of analysts regarding the prospects of global trade, delivering a strong increase in customs duties.

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