BrusselsReport.eu

2 weeks ago | brusselsreport.eu | Pieter Cleppe

This week, the European Commission sharply cut its eurozone economic growth forecast for 2025, blaming this on the global trade tensions sparked by US President Donald Trump’s sweeping tariffs. Its estimate is now for the eurozone to merely experience 0.9 percent in 2025, sharply down from the previously forecasted 1.3 percent, as a result of “a weakening global trade outlook and higher trade policy uncertainty”.

2 weeks ago | brusselsreport.eu | Pieter Cleppe

This week, the European Commission sharply cut its eurozone economic growth forecast for 2025, blaming this on the global trade tensions sparked by US President Donald Trump’s sweeping tariffs. Its estimate is now for the eurozone to merely experience 0.9 percent in 2025, sharply down from the previously forecasted 1.3 percent, as a result of “a weakening global trade outlook and higher trade policy uncertainty”.

1 month ago | brusselsreport.eu | Pieter Cleppe

In a reprieve for China, US President Donald Trump has signalled that the high tariffs on Chinese goods he announced will not amount to 145% after all. He stated: “145% is very high and it won’t be that high,” adding “It won’t be anywhere near that high. It’ll come down substantially.

1 month ago | brusselsreport.eu | Brussels Report.eu |Bojan Lazarevski

By Bojan LazarevskiFrom automated warehouses to AI-powered legal assistants, artificial intelligence is reshaping industries at an unprecedented pace, leaving millions of workers with an uncertain future. There’s a lot the EU can do before it gets too late. That starts with learning from Britain’s successful AI security strategy. Two thirds of employees in Europe already fear losing their jobs to AI.

2 months ago | brusselsreport.eu | Pieter Cleppe

Last week, U.S. President Donald Trump made his long-awaited tariff announcement. Markets crashed as a result, as the measures went further than expected.  Trump’s new tariffs are even more severe than the ones introduced by the infamous Smoot-Hawley legislation of 1930. At the time, a global escalation of tariffs caused an aggravation of the Great Depression. If implemented, the US effective tariff rate will be 24-27%, Fitch estimates, which was the level just before the first World War.