In response to President Trump's global trade alterations, European nations are mobilizing over 50 billion euros to protect their economies from impending recession and tariff impacts. Countries like Germany, Italy, Portugal, and Spain are taking decisive financial measures as businesses reconsider exports to the U.S. Despite a recent pause in U.S. tariffs, European leaders, including President Macron, stress that significant tariffs still threaten economic recovery. Unrealized growth forecasts have raised worries of a recession as financial market instabilities increase, prompting urgent governmental responses to safeguard industries and workers across Europe.
Mr. Trump's 90-day suspension of U.S. tariffs this week raised hopes in Europe for negotiations, but the damage has already been done.
President Emmanuel Macron of France warned Friday that the tariff pause is fragile, emphasizing that 25 percent tariffs on steel, aluminum and autos are still in place.
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