
Macro - Weekly Briefings - Eurozone
Description
US President Donald Trump has paused country-specific tariffs above 10% for 90 days, which is welcome news for the EU given it had been slapped with a 20% tariff. But an effective tariff rate of 12% and possibly more if pharmaceutical products are added to the US tariff net represents a substantial increase after more than two decades of the effective rate remaining near 2%.
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