Part 6/11:
The threat of tariffs is not merely theoretical. According to Bloomberg Economics, US tariffs targeting nearly $320 billion worth of EU-US trade could have tangible consequences. The US economy could see a contraction of approximately 0.6% of GDP, with consumer prices rising by over 0.3%. These figures translate into real-world impacts—job losses, higher consumer costs, and increased business uncertainty—highlighting the potential for economic damage on both sides of the Atlantic.