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Watch: Can you feel it yet? The true cost of US tariffs on Europe
You'd be forgiven for thinking that new US tariffs on the European Union haven't had much of an effect. But ING's Ruben Dewitte has a warning that things are going to get increasingly difficult. Watch our video and read more about our projections here
Can you feel it yet? The true cost of US tariffs on Europe
Can you feel the US tariff hit? The truth is, it hasn't started to bite yet. But things are about to become increasingly difficult. Over the next couple of years, we believe we'll see a 17% reduction in European goods exported to the US. That equates to a 0.3% reduction in the EU's GDP growth rate. ING Economist, Ruben Dewitte, says that might not sound much, but it equates to 54 billion euros of economic value lost to the whims of a trading partner.
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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more
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