Different European countries have differing levels of exposure to the US market, which affects their vulnerability to potential tariffs from the Trump administration. Ireland and Germany are particularly exposed due to strong pharmaceutical and automotive industries, respectively. France, although less exposed overall, still faces potential losses in aeronautics and luxury goods sectors. The EU benefits from a significant trade surplus with the US, but specific industries, such as French wine and spirits, could suffer greatly from tariff implementations.
Germany, the industrial powerhouse Germany, the EU's largest economy, is under particular pressure due to its dependence on exports: it has a surplus of $84.8 billion with the United States, thanks to its large automobile, chemical, steel and machine industries.
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.
A 30-percent tariff would be a "catastrophe" for the French wine and spirits sector, Jerome Despey, head of the viti.
The United States accounts for 23 percent of the revenue of Mercedes Benz. While some of that is accounted for by SUVs manufactured in the United States and exported, they risk being hit by any tariff reprisals from the EU.
Collection
[
|
...
]