{"id":137241,"date":"2025-02-05T09:10:19","date_gmt":"2025-02-05T07:10:19","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/investment-banks-warn-trump-tariffs-could-derail-europes-2025-growth\/"},"modified":"2025-02-05T09:10:19","modified_gmt":"2025-02-05T07:10:19","slug":"investment-banks-warn-trump-tariffs-could-derail-europes-2025-growth","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/investment-banks-warn-trump-tariffs-could-derail-europes-2025-growth\/","title":{"rendered":"Investment banks warn: Trump tariffs could derail Europe\u2019s 2025 growth"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/137241\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Trump&#8217;s tariffs could derail Europe&#8217;s 2025 growth, say top Wall Street analysts. Goldman Sachs sees eurozone GDP at 0.7%, well below latest ECB projections. Key sectors such as cars and pharmaceuticals face risks, while a weaker euro may offer only limited relief. A fresh wave of trade uncertainty could hit Europe&#8217;s already sluggish economy, as leading US investment banks raise concerns over potential tariffs from President Donald Trump&#8217;s administration. With euro area growth forecasts slipping and corporate profits under pressure, analysts believe markets should brace for an uncertain 2025.<\/p>\n<p>EU is ready for &#8217;tough negotiations&#8217; with Trump, von der Leyen says amid tariff fears<br \/>\nTrump, tariffs and trade wars: Who are the main trading partners of the US? Economists at Goldman Sachs and JPMorgan indicated in various reports this week that the risk of tariffs &#8211; combined with potential European retaliation &#8211; could significantly weigh on the eurozone&#8217;s economic outlook. While the European Union was not included in the first round of US tariffs, which affected Mexico, Canada and China, President Donald Trump has suggested that the bloc, given its large trade surplus with the US, could be next.<\/p>\n<p><em>How much damage could tariffs cause?<\/em><br \/>\nGoldman Sachs forecasts eurozone gross domestic product growth at 0.7% in 2025, notably below the 1% consensus estimate and the 1.1% projection from the European Central Bank in December. According to Sven Jari Stehn, chief European economist at Goldman Sachs, a 10% tariff on all US imports from the EU &#8211; if met with full retaliation &#8211; could wipe out one percentage point of euro area growth.<\/p>\n<p>Beyond GDP, European corporate earnings could also come under pressure. Goldman Sachs&#8217; equity team projects European earnings per share growth at just 3% in 2025, well below the 8% bottom-up consensus. &#8221;It is not necessarily the tariffs themselves that matter,&#8221; said the team, &#8221;but rather the trade uncertainty that hits economic growth and investment intentions.&#8221;<\/p>\n<p><em>Which sectors are most at risk?<\/em><br \/>\nThe EU accounts for approximately 15% of total US imports, with machinery, pharmaceuticals, and chemicals among the top European exports to the US. Other key industries, including cars, metals, and technology, could also face significant tariff exposure. Goldman Sachs&#8217; analysts note that stock market sectors with high margins and defensive characteristics, such as healthcare, tend to be less affected by trade uncertainty. In contrast, car manufacturers and cyclical stocks are particularly vulnerable.<\/p>\n<p>A group of large-cap European stocks, often referred to as &#8221;GRANOLAS&#8221; &#8211; which includes companies such as GSK, Roche, ASML, Nestl\u00e9, Novartis, Novo Nordisk, L&#8217;Or\u00e9al, LVMH, AstraZeneca, SAP, and Sanofi &#8211; have underperformed recently but tend to outperform when trade policy uncertainty rises.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2025\/02\/05\/investment-banks-warn-trump-tariffs-could-derail-europes-2025-growth\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2025\/02\/05\/investment-banks-warn-trump-tariffs-could-derail-europes-2025-growth\">Euronews Business<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vau-viikkokatsaus\/investment-banks-warn-trump-tariffs-could-derail-europes-2025-growth\/\">Investment banks warn: Trump tariffs could derail Europe\u2019s 2025 growth<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[17835,17836,606,607,608],"class_list":["post-137241","post","type-post","status-publish","format-standard","hentry","category-news","tag-investment-banks","tag-trump-tariff","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/137241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=137241"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/137241\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=137241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=137241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=137241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}