European companies and economic experts are calling for urgent action as sweeping U.S. tariffs begin to weigh heavily on the global economy. U.S. President Trump’s threats of 30 percent tariffs on EU and other imports have rattled markets, prompting warnings of serious disruptions to transatlantic trade and supply chains.
Major automakers like Volvo, which faces unprofitability under proposed car import levies, warn the tariffs could devastate the industry.
The European Central Bank has opted to hold rates steady as it monitors the fallout, with ECB officials cautioning that an overvalued euro and heightened tariff risks may force a rethink of monetary policy.
Meanwhile, UK and German finance leaders at the G7 in Durban urged a swift resolution to prevent further economic damage, warning that prolonged tariff conflicts could hinder growth and threaten jobs.
Reuters reports that corporate profit warnings across Europe are at record highs, with 46 percent of recent alerts citing geopolitical and tariff-related issues.
Governments and business groups are now advocating for increased diplomacy, legislative safeguards, and trade realignment, while investors brace for volatility amid deepening uncertainty.
Written By Ian Maleve
