European companies are bracing for a financial hit from a potential trade war with the US, with some top executives warning that uncertainty over Donald Trump’s trade policy is already affecting investment plans.
The US president delayed steep tariffs against Canada and Mexico earlier this week but still has the EU in his crosshairs, leaving executives guessing as to the scale and impact of any new levies.
Markus Krebber, chief executive of Germany’s RWE, one of Europe’s largest power producers, said the threat of tariffs was slowing his group’s investments into wind and solar projects in the US.
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