American tariffs create a “real problem” for Europe, says Barclays CEO

According to deposits, Washington’s protectionist trade policy creates a “real problem” for European countries if they seek to increase security, according to data Bar CEO CS Venkatakrishnan.

“I think Europe has a real problem in the tariff adaptation. This should find space, financial space, increase the cost of defense, and this should look at consolidation in financial institutions on the market,” said the executive director Steve Sedwick on Thursday.

Currently, the European Union is facing 25% of the tariff for imports in the United States on steel, aluminum and cars, and in April was struck by an additional 20% “return” national team under the fresh broad trade policy of the White House. The latest duty has temporarily reduced to 10% for a 90-day deferral that expires in July, paving the Washington Way and a 27-member European bloc to join the negotiating table for a more favorable trade agreement.

The transaction is not yet affected, and the markets have died in uncertainty and the problems that arise in connection with the forecast of EU economic growth and potential inflation and recession risks in the world’s largest economy. Trade products, affecting two historically union countries, threw a shadow on the efforts of the EU’s overhaul of their fiscal policies and galvanized the cost of defense within the “posterior European plan”.

Volatility buried companies seeking to understand the influence of tariffs and regulation on their business model, said Barclays’ Venkatakrishnan.

“You can look at the companies that have taken indications for profit throughout the year, and these are industries that are more deeply affected. And there they can decide – not now, but over time – what should be further consolidation or further rewriting of their businesses,” he said. “And then the activity will increase, and we can help them. And there are others who … using relative peace to continue to expand your business.”

The Barclays Barclays had a noticeable presence because it is absorbing business banking and capital markets that the enterprises fell for the Wall -Stritan Leman Brothers for $ 1.75 billion. The loan is in more peaceful seas at home after Trump submitted a wide outline US-UK trading transaction earlier this month and Britain won another major victory earlier this week agreement To reset relations with the EU after leaving the block in 2020.

However, the administration of the Labor Administration Prime Minister Kayra Starmer must fight the Dragon Increasing inflation and public skepticism over the planned taxes’ taxes, Rachel Reivz.

The vocal supporter of Riviz, Venkat Krylan said on Thursday that the current government remains “absolutely” on the way to its economic steps and outlined obstacles to the British economy:

“We do not see the suffering of consumers. In fact, we see that the pipeline continues consumer strength, but this happens from the people who run their remains and finances. So, economically. The labor market is still strong,” he said.

“But, as you can see, even in the last couple of days people are worried about inflation. People are worried at the expense, whether it will be accounts for winter fuel, or more generally inflation from tariffs, and the only real answer to this growth.”