The European Union could be staring down the barrel of a massive economic hit—up to $1.25 trillion—if President Trump follows through on proposed tariffs, according to a new report by Germany’s top economic think tank. The study, released by the German Economic Institute (IW), sounds the alarm over what could happen if the EU refuses to level the playing field. Trump’s America First trade strategy, which includes a 20% blanket tariff on EU goods and a 25% tariff specifically aimed at car imports, is designed to claw back advantages handed to Brussels in past one-sided deals. If the tariffs go into effect and no agreement is reached, the EU economy could bleed between €780 billion and €1.1 trillion from 2025 to 2028. The blow would…
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