S&P: U.S. tariffs may only reduce eurozone economic RISE by 0.2%

The S&P Global Ratings wrote in a report to investors that the eurozone economy may be able to absorb the impact of the increase in US export tariffs. Trump previously warned that he would impose a 10% tariff on imported goods, which would affect European exporters, with the US being the most important market for them. However, according to S&P's estimate, this situation may only cause a 0.2% fall in the eurozone's economy, with Germany being the most severely affected. S&P said, "For the eurozone economy, the potential tariff impact seems to be manageable," especially if the US dollar appreciates further against the euro.