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According to the European Central Bank’s research, as a result of President Donald Trump’s trade war, European consumers are actively far from US products and services.
Asked how the tariffs reacted to various potential levels and reacted by the European Union, the respondents called “very wishes” in the last survey, ECB Wednesday Blog Post.
The researchers even found these thoughts that these thoughts were mostly independent of prices, which normally managed behavioral changes for trade changes.
“Consumer reactions cannot be temporarily responding to the rising tariff, but can signal the possible long-term structural change in consumer choices away from US products and brands,” he said. “It seems that the existence of a tariff called for reconsider that consumers receive a large share of consumers.”
The findings come within a world-class decline against US tariffs announced on April 2. In Canada, the growing tension with the leadership of the Trump did not strengthen the Liberal Prime Minister Mark Carney, and there are nationwide campaign Buy internal products instead of alternative from the Southern neighbor.
Consumers were in EuropeInformation exchange onlineAbout the best substitutes for American products. Tesla Council of Europe, the sales in the region are already in the first two months of the total market for more than 3 electric cars in the region reduced by 43%.
ECB said that the results of similar research are very different in the United States, and consumers’ reserves that the goods expected to increase due to potential tariffs will increase. “
Most EU products are currently on the 90-day window that Trump’s negotiations face 10% tariffs in the United States. The block stood over opposing tariffs against the United States during these talkssome measureswhen they fail.
This story was first displayed Fortune.com
