Europe Suffers from Trade War Between China & US
Europe Inc., one of the biggest European company, was among the first who suffers from it.
Due to many restrictions, European companies show slow growth of their shares, which leads to a decrease in annual profit.
The reason for this is the ongoing dispute between China and America regarding electricity tariffs. If this continues, many European companies will face losses.
Therefore, well-known German carmakers such as BMW or French fashion houses like Hermes have already become victims of the Trump administration’s trade policy: this year their share prices have plunged.