Fitch Says US Tariffs To Cut Revenue, Profit Growth For European Corporate Sectors
ReutersApr 7, 2025 9:31 AM
April 7 (Reuters) - Fitch:
FITCH SAYS US TARIFFS TO CUT REVENUE, PROFIT GROWTH FOR EUROPEAN CORPORATE SECTORS
FITCH: CHEMICAL, AUTOMOTIVE AND TECHNOLOGY (HARDWARE) SECTORS ARE LIKELY TO BE MOST AFFECTED BY US TARIFFS IN EUROPE
FITCH: WE EXPECT MOST SPIRITS PRODUCERS TO INCREASE PRICES IN US TO COMPENSATE FOR NEW TARIFFS
FITCH: EUROPEAN AUTO MAKERS FACE INCREASED SUPPLY-CHAIN RISK DUE TO RELIANCE ON SUPPLIES FROM MEXICO & CANADA AS WELL AS EUROPE FOR US SALES
FITCH: REDUCED ECONOMIC GROWTH & HIGH FOOD PRICES LIKELY TO TRANSLATE INTO LOWER PURCHASING POWER & LOWER CONSUMER DISCRETIONARY SPENDING IN EUROPE
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