US Tariff Hit Threatens Europe’s Economic Growth: Supply Lines

Economists are still trying to get a handle on how much harm the US tariffs will do around the world. In Europe, the main takeaway so far is that the fledgling economic recovery is at serious risk from the hit to exports and the uncertainty faced by companies and households.

The European Union faces levies of 20% following President Donald Trump’s announcements on Wednesday, while the UK is getting a 10% duty and Switzerland a 31% US import tax.

Read more: Trump’s Tariff Broadside Sends Shockwaves Across Global Economy

Bloomberg Economics estimates in a preliminary analysis that these measures could halve EU ...