The looming possibility of a trade war triggered by Donald Trump might lead the eurozone economy from sluggish growth to a full-blown recession, warns ING.
ING predicts that the European Central Bank will need to act decisively by cutting rates to protect the eurozone economy amidst trade uncertainties.
Kuo Jyh-huei notes that Taiwan plans to assist companies in relocating production from China, highlighting the significant impact of potential tariffs imposed by Trump.
The already struggling German economy, heavily reliant on US trade, could face severe repercussions due to Trump's proposed tariffs on European automotives.
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