16 July 2025 | Euro

EU faces mounting pressure from US tariffs — Bloomberg

EU faces mounting pressure from US tariffs — Bloomberg

Bloomberg analysts warn that escalating US import tariffs could push the European Union toward recession. Proposed 30% duties on EU goods would further strain bloc economies already struggling with France's growing budget deficit, China's rising exports, and Germany's economic stagnation.

The EU has prepared $84 billion in retaliatory tariffs on US products, but analysts consider this response insufficient. Bloomberg criticizes the bloc's indecisive strategy, pointing to its ineffective tariffs on Chinese electric vehicles and stalled trade agreements. The European Central Bank's monetary policy has also drawn recent criticism from France's Prime Minister Francois Bayrou.

While Germany's reforms and Greece's economic recovery offer some hope for growth, Wall Street leaders warn the EU continues losing ground in the global economic competition.

Elena Berseneva MarketCheese
Period: 28.05.2026 Expectation: 155 pips
Investing in ETHUSD up to $2,425
Today at 11:11 AM 19
Gold buy
Period: 21.05.2026 Expectation: 900 pips
Purchasing gold with $4,790 in view during consolidation following recent correction
Today at 10:26 AM 18
Period: 14.07.2026 Expectation: 2700 pips
Investing in USDJPY with 160.700 target
Today at 09:21 AM 24
Period: 31.05.2026 Expectation: 900 pips
​​EURUSD sell-off targets 1.1655
Today at 09:12 AM 10
Period: 30.06.2026 Expectation: 1600 pips
Go short on SPX as correction risks mount
Today at 09:10 AM 7
Period: 21.05.2026 Expectation: 1500 pips
Selling S&P 500 with 7,300 target amid inflation shock and overheated market conditions
Today at 08:03 AM 14
Go to forecasts