Frankfurt / REUTERS / Kai Pfaffenbach
Business climate in the eurozone was amazing in March in view of dictatorial that has been announced by the president of the USADonald Trump.
This barometer on businesses in the eurozone fell 1.1 points to 95.2 points, according to figures released by the European Commission on Friday, with the main reason seem to be concerned about the upcoming April 2nd 2025 duties from the US.
Economists involved in a poll by Reuters news agency expected 97.0 points.
According to ECB Vice President Luis de Ginto, a trade war with the US would primarily affect economic growth. US President Donald Trump has stimulated an international trade dispute.
In April, additional 25% import duties will be imposed on the United States on Europe’s imports. This will particularly hurt Germany.
Despite this predictable risk, the climate in business meeting rooms in Germany improved significantly in March, as shown by the rise of the IFO business climate index.
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