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European companies warn of uncertainty from Donald Trump’s tariff threats

Digest opened free editor

European companies are preparing for financial success from a possible trade war with the United States, as some executives warn that uncertainty about commercial policy Donald Trump has already affects investment plans.

US President Late sharp tariffs Against Canada and Mexico earlier this week but still has the European Union at its intersection, leaving executives guessing on a scale and impact of any new fees.

Marcus Krebber, CEO of RWE in Germany, one of the largest energy producers in Europe, said that the threat of definitions was slowing his group investments in wind and solar energy projects in the United States.

Krebber told this week’s conference:

He added that intermediate goods such as dizziness and batteries “need to import them because there is no local manufacturing” in the United States.

Some companies, including the luxury goods collection LVMH and Oil Major Shell, were. Looking at the increase in their presence in the United States. But Krebber said: “Our adult customers tell all of them [Trump] Management that needs to ensure certainty soon, because in reality, they achieve the opposite of what they want. ”

“It is not necessarily the same tariff, but rather a trade uncertainty that reaches economic growth and investment intentions.”

The bank is already expecting some impact on commercial barriers, as its stock team expects to grow in the European profits of the share by only 3 percent in 2025 – much less than the expectations of the consensus of the analysts.

European Union Prepare to make concessions To avoid a trade war with Trump, who complained that the Europeans “do not buy our cars, they do not take our agricultural products, do not take anything almost and take everything from them.”

The mass represents approximately 15 percent of American imports, with pharmaceutical machines, preparations and chemicals among its most important exports to America. The auto sector in Europe is also exposed to tariffs, especially if the European Union takes revenge on the fees on American goods.

“The big question is what is happening if these definitions come between the United States and Europe,” said Jim Rowan, CEO of Volvo cars.

Although it will be “management capable” if the United States raises the customs tariff on European Union commodities from 2.5 percent to 10 percent, the largest margin will force the company to increase production in its factory in South Carolina, Rawan said this week.

This week, the Swedish group warned of a decrease in profitability this year, partly due to the induction uncertainty. French drink group Bernod Ricard as well He said it can be hit.

London’s drinks in London expects that 200 million dollars will be knocked on the operating profits by June if Trump carried out a 25 percent tax on Mexican and Canadian imports.

Jean Rindo, CEO of the Norden Danish Shipping Group, warned, If the European Union takes revenge on Against American definitions with their fees, companies “will strike twice”. He added that the trade war can lead to the import of European Union companies from South America.

Although the demand for a wide range of shipments will be positive for the shipping sector, it may generally mean that “the American economy will hit, and that the European Union’s economy will hit.”

Despite the concerns, a number of executives said they enjoyed adapting to the disruption of trade. Patrick Bojan, CEO of France Totalinage, said that energy companies will be able to re -create liquefied natural gas to avoid the definitions imposed on fuel between the United States and China.

“The Chinese buy energy from companies like Total. In fact, they just asked us, avoid paying [tariff]”To give them some Australian or Qatari liquefied natural gas, we will take the United States for LNG and send it to another place, and perhaps to Europe,” he told the Financial Times.

Arceelormtt, the world’s second largest steel industry company, reduced its exposure to potential American tariffs on Mexico and Canada. The group’s Canadian operation is an important resource for the American auto sector, while its American facilities use semi -infected steel products from Mexico.

“He does not care excessively” the possibility of definitions. He said that the company achieved a great success of about $ 100 million in a quarter in 2018 when Trump lastly imposed 25 percent on steel. However, high costs have been compensated at higher prices.

“It is somewhat premature to understand where it will go. Commercial wars are never good for anyone,” Michael Johannson, CEO of the Swedish defense champion, told the Financial Times.

She participated in the reports of Silvia Pfeiffer, they were Anjaki, Oliver Tel and Clara Murray in London, Olaf Storbec in Frankfurt, Ian Johnston in Paris and Richard Milne in Oslo

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2025-02-09 05:00:00

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