Germany’s economy alone could slump by 1.6% annually by 2028, according to IW A trade war with the US could cost the EU up to €1.1 trillion ($1.25 trillion) over the next four years if Donald Trump proceeds with proposed tariffs, according to a study by the German Economic Institute (IW). Earlier this month, the Trump administration announced a sweeping 20% tariff on all EU goods and a 25% tariff on all car imports in a bid to eliminate what Washington sees as a large trade deficit with the

Tag-uri: Donald Trump