EU, U.S. Tech Companies Will Both Suffer From Trump Tariffs, Lobby Group Says -- Market Talk
Dow Jones04-03
1401 GMT - U.S. President Trump's 20% tariff on EU imports will hurt tech companies either side of the Atlantic, lobby group Digital Europe says. "The EU and the U.S. are interconnected economies, tariffs will result in painful repercussions on the digital and digitalizing industries on both sides of the Atlantic," it says. "This is an extra tax on products that are essential for the running of the digital economy like advanced machinery, grid technologies and telecoms equipment. It's bad for both the U.S. and Europe," it adds.(edith.hancock@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 10:01 ET (14:01 GMT)
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