European economy sees growth of only 0.1 pc as scramble to get ahead of US tariffs goes into reverse https://www.taxtmi.com/news?id=50964 A newly imposed universal US tariff on European goods raises exporters' costs and will either be passed on to US consumers or absorbed as lower profits, reversing prior pre tariff shipping that had inflated earlier GDP figures and contributing to the eurozone's near zero quarter on quarter growth; export dependent economies show the greatest output weakness while inventory effects partly explain limited gains in some countries. en-us Wed, 30 Jul 2025 16:16:03 +0530 Wed, 30 Jul 2025 16:16:03 +0530 TaxTMI RSS Generator European economy sees growth of only 0.1 pc as scramble to get ahead of US tariffs goes into reverse https://www.taxtmi.com/news?id=50964 A newly imposed universal US tariff on European goods raises exporters' costs and will either be passed on to US consumers or absorbed as lower profits, reversing prior pre tariff shipping that had inflated earlier GDP figures and contributing to the eurozone's near zero quarter on quarter growth; export dependent economies show the greatest output weakness while inventory effects partly explain limited gains in some countries. News - Wed, 30 Jul 2025 16:16:03 +0530 https://www.taxtmi.com/news?id=50964