💨 Abstract
Europe's economy expanded by 0.4% in Q1 of 2025, but hopes for ongoing recovery were dampened by U.S. President Donald Trump's trade war, which imposed a 20% tariff on EU imports. This has resulted in a downgrade of Europe's growth outlook for the year as its economy heavily relies on exports, with the U.S. being its largest export market.
Courtesy: wtop.com
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