Europe Retaliates Against Trump’s Tariffs as Trade Fight Widens
Published On Mar 12, 2025, 3:42 AM
The European Union has responded to the U.S. tariffs on steel and aluminum by imposing its own tariffs on various products, including boats and bourbon, which are set to affect approximately €26 billion (about $28 billion) in exports. This is a continuation of a trade conflict that has escalated as past tariffs from the Trump administration are revived. The EU plans to finalize additional tariffs worth €18 billion on more products in the coming weeks, increasing tension in transatlantic trade relations.
Stock Forecasts
X
Negative
The tariffs are likely to impact several industries negatively in both the EU and the U.S., potentially leading to decreased sales in affected sectors. Companies associated with exports to the EU, such as those manufacturing goods included in the new tariffs, may see stock price declines. Additionally, steel and aluminum producers could face challenges as prices may fluctuate in response to changing tariff dynamics.
BF.B
Negative
U.S. bourbon manufacturers, notably brands like Brown-Forman (BF.B), may face declining sales in Europe due to the new tariffs. This retaliatory measure may cause a slowdown in revenue growth for these companies, leading to potential stock price impacts.
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