Trump's Tariff Plans Threaten European Economic Growth

Goldman Sachs and analysts warn of significant economic impact on Germany and Europe due to Trump's proposed tariffs.

Goldman Sachs has reduced its growth forecast for the eurozone to 0.8% for next year, citing potential tariffs from Trump's administration.
Germany, Europe's largest economy, is expected to see its GDP shrink by 0.6% due to proposed tariffs on auto exports.
President-elect Trump has indicated plans for broad tariffs on European imports, with a focus on the automotive sector.
BMW's CEO suggests the company might benefit from tariffs due to its significant manufacturing presence in the U.S.
Analysts predict retaliatory tariffs from Europe, which could escalate trade tensions and further impact economic growth.