Goldman Sachs: Trump tariffs could lead to a 0.1% reduction in Eurozone GDP

Goldman Sachs economists say that Trump's latest threat to impose a 10% tariff could lead to a reduction of approximately 0.1% in the eurozone's gross domestic product. The Goldman Sachs team predicts that the real GDP of affected countries may decline by 0.1% to 0.2%, with Germany's economic growth potentially dropping by 0.2% to 0.3%. The report points out that if market confidence is dampened or financial market volatility intensifies, losses may further expand. Despite the global financial market turbulence caused by trade tensions, several strategists believe that the impact of this turmoil on European stock markets is likely to be short-lived.