This isn’t just about numbers on a spreadsheet—real businesses are feeling the pinch. If Europe’s factories slow down further, it could mean job cuts, weaker growth, and more tension in an already rocky U.S.-EU trade relationship. For anyone watching the global economy, this is a red flag.

Exports to the U.S. dropped by a third in April as squeezed demand from Trump’s tariffs led to a fall in factory output that suggests economic growth has slowed after a strong start to the year.

European exporters are taking a hit after Trump's tariffs caused U.S. demand to slump—exports dropped by a third in April, and factory output is shrinking. After a promising start to 2024, Europe’s economic momentum seems to be cooling off fast.

Europe’s Exporters Feel the Chill From Trump Tariffs

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