Europe Moves to Shield Itself From Trade War Fallout
The uncertainty of higher tariffs has spurred Germany, Italy, Portugal and Spain to announce financial lifelines for businesses and workers. More countries are expected to follow.
As the fallout from President Trump’s rewiring of global trade sets in across Europe, governments are putting in place billions of euros’ worth of “tariff shields” to protect their economies, companies and workers from uncertainty and the growing prospect of a recession.
Germany, Italy, Portugal and Spain announced more than 50 billion euros’ worth of...
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