A New Transatlantic Trade War Looms

The featured repot by Northern Trust explores escalating trade tensions between the U.S. and the EU, focusing on new tariffs on steel and aluminum. Key takeaways include:

• The U.S. has imposed 25% tariffs on steel and aluminum, reviving past trade disputes.
• The EU may retaliate with tariffs on American goods, potentially impacting global markets.
• The European economy faces additional risks, including weaker growth and potential ECB rate cuts.

Given the far-reaching implications for global trade and economic stability, access the full report for an in-depth analysis.