London CNN —
President-elect Donald Trump’s proposed protectionist policies, including hefty tariffs, will hurt Europe’s economic standing — leaving crisis-hit Germany particularly vulnerable, Goldman Sachs predicts.
Following Trump’s re-election, the investment bank cut its growth forecasts for the region, predicting fresh trade tensions with the United States, pressure on Europe to increase defense spending and a hit to business confidence from higher geopolitical risk. Trump has repeatedly said America pays too much to defend its European allies, has questioned the role of NATO and suggested a quick resolution to Russia’s war in Ukraine, requiring less US spending.
→ Continue reading at CNN - Business News
