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Euronews
Euronews
Piero Cingari

Here's why President Trump's tariffs could benefit European consumers

Donald Trump European Union Europe Euro United States

Stock markets have been rocked by volatility and uncertainty is mounting for companies entangled in global supply chains following a major tariff announcement from the US government.

The European Union will now face a 20% tariff rate on its exports to the United States. Higher tariff rates will apply to China (34%), Japan (24%), India (26%), along with other nations.

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