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Are Trump’s Tariffs A Blessing in Disguise for Europe’s Tech Sector?
Truth on the Market
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Less than a month has passed since President Donald Trump’s inauguration, but it is already clear that tariffs will be central to his administration’s economic policy and geopolitical strategy. Following an initial round of tariff threats against Mexico and Canada, and hiked tariffs on China, Trump is setting his sights on new targets—the European Union chief among them. Most recently, Trump declared that he will treat value-added taxes (VAT) like those assessed by EU members to be a form of tariff, and to assess equivalent reciprocal tariffs in return.
Counterintuitively, this might actually be good news for Europe’s tech sector.