If Trump really has 50% input tax on European products, we too will feel it

With a message on his own social media channel Truth Social, US President Trump caused panic at European stock exchanges. From 1 June he threatens to impose an import tax of 50 percent for all products that go to America from the European Union. What exactly does that mean? Is that possible from next week? What are the consequences for our companies? And will you feel that in your wallet too? Bart van Craeynest, chief economist of Voka, estimates the situation.

ttn-3