From the U.S., Europe primarily receives energy, especially liquefied natural gas (LNG), which has become even more relevant following the reduction of Russian energy dependence. An increase in tariffs here would raise energy costs for Europe, putting pressure on industry and the final consumer.
Another fundamental pillar is the technology and industrial sector. Europe imports software, hardware, semiconductors, specialized machinery, medical equipment, and aerospace technology. European companies rely on U.S. components and licenses to maintain their competitiveness, so any trade friction slows production and increases costs.
The aerospace sector is also critical: parts, engines, and technology related to both commercial and military aviation. A trade conflict would affect both manufacturers and airlines, with a direct impact on operational costs.
In the agro-industrial field, Europe imports from the U.S. soybeans, corn, cereals, livestock products, and raw materials for animal feed. Tariffs here would put pressure on agricultural prices and food inflation.
Lastly, there is the financial and services sector, where the U.S. exports high-value technology, financial, and consulting services. Although less visible, a trade war can also limit this flow.
Another fundamental pillar is the technology and industrial sector. Europe imports software, hardware, semiconductors, specialized machinery, medical equipment, and aerospace technology. European companies rely on U.S. components and licenses to maintain their competitiveness, so any trade friction slows production and increases costs.
The aerospace sector is also critical: parts, engines, and technology related to both commercial and military aviation. A trade conflict would affect both manufacturers and airlines, with a direct impact on operational costs.
In the agro-industrial field, Europe imports from the U.S. soybeans, corn, cereals, livestock products, and raw materials for animal feed. Tariffs here would put pressure on agricultural prices and food inflation.
Lastly, there is the financial and services sector, where the U.S. exports high-value technology, financial, and consulting services. Although less visible, a trade war can also limit this flow.