After another flurry of U.S. tariff announcements, Gaurav and team unpack what it all means for Europe. As the clock ticks toward the new August 1 deadline, the prospect of an EU-U.S. deal looks touch-and-go, while the team also debate whether the EU is more likely to try and fight higher U.S. tariffs with retaliatory measures of its own. Although recent data suggest European economies have held up surprisingly well amid ongoing trade tensions, the downside risks appear to be rising once again.

Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. 

To stay informed and follow the insights of Moody's Analytics economists, visit Economic View.