How the E.U. Could Fight Back Against Trump’s Tariffs
But some analysts and economists worry that such hard-line negotiating could backfire.
“Tariffs on services, just like tariffs on goods, hit consumers and businesses directly,” said Joachim Klement, the head of strategy at the investment bank Panmure Liberum, adding that it would be a surefire way to escalate the trade war.
“You are just putting fuel on the stagflationary fire,” he added.
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Originally posted on: https://www.nytimes.com/2025/04/02/business/dealbook/trump-tariffs-europe-response.html