Trump’s 100% Tariff Threat: Will It Strike Europe’s Exports?

The U.S. Congress has approved a proposal to grant Trump’s administration unchecked authority to impose up to 100% tariffs on top trading partners, including the European Union and China. The move signals a continued push for Trump’s tariff regime amid bipartisan support. This could severely impact U.S. exports to the EU, which account for 25% of total trade. The ECB has warned that such policies may exacerbate Eurozone inflation. Markets are closely monitoring whether the U.S. will escalate its trade war.