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Even before Trump and his tariffs, Europe is in trouble

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The timing couldn't be worse. The fall of the French government and the collapse of Germany's coalition government have left Europe even more vulnerable to a new trade war with America.
The article from The Sydney Morning Herald discusses the economic challenges facing Europe, exacerbated by former US President Donald Trump's trade policies. Even before Trump's tariffs, Europe was grappling with issues like slow economic growth, high unemployment rates, and political instability. The introduction of Trump's tariffs on steel and aluminum, along with threats of further trade barriers, has intensified these problems by disrupting global trade flows and increasing costs for European manufacturers. The article highlights how these tariffs have not only strained transatlantic relations but also contributed to a broader economic malaise in Europe, where countries are struggling with Brexit aftermath, the rise of populist movements, and the need for structural reforms. Additionally, the piece touches on the potential for further economic turbulence if Trump were to return to office, given his previous stance on trade and his threats to impose even higher tariffs on European goods.

Read the Full Sydney Morning Herald Article at:
[ https://www.smh.com.au/business/markets/even-before-trump-and-his-tariffs-europe-is-in-trouble-20241205-p5kw0e.html ]