NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Gleammour AquaFresh
NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Home Local News European Economy Stagnates with a Mere 0.1% Growth Amid Receding Efforts to Counteract US Tariffs

European Economy Stagnates with a Mere 0.1% Growth Amid Receding Efforts to Counteract US Tariffs

European economy sees growth of only 0.1% as scramble to get ahead of US tariffs goes into reverse
Up next
Royal fan swears blind she spotted the Waleses on a £40m superyacht
Royal Enthusiast Insists She Saw the Waleses on a £40 Million Superyacht
Published on 30 July 2025
Author
NewsFinale Journal
Share and Follow
FacebookXRedditPinterestWhatsApp


FRANKFURT – Europe’s economy barely grew in the April-June quarter as frantic earlier efforts to ship goods ahead of new U.S. tariffs went into reverse and output fell for the continent’s biggest economy, Germany.

Gross domestic product grew an anemic 0.1% compared to the previous quarter in the 20 countries that use the euro currency, the EU statistics agency Eurostat reported Wednesday. Growth was 1.4% over the same quarter a year ago.

And prospects are mediocre for the coming months, given the 15% tariff, or import tax, imposed on European goods in the U.S. under the EU-U.S. trade deal announced Sunday. The higher tariff will burden European exports with higher costs to either be passed on to U.S. consumers or swallowed in the form of lower profits.

The economy sagged after stronger than expected 0.6% growth in the first quarter, a figure inflated by companies trying to move product ahead of U.S. President Donald Trump’s additional tariff onslaught that was announced April 2, two days after the first quarter ended.

Output fell 0.1% in Germany and Italy, while growth of 0.3% in France was boosted by a rise in auto and aircraft inventories while domestic demand was otherwise stagnant. That left Spain as the only strong performer among the four largest eurozone economies at 0.7%

“With the 15% U.S. universal tariff likely to subtract around 0.2% from the region’s GDP, growth is likely to remain weak in the rest of this year,” said Franziska Palmas, senior Europe economist at Capital Economics.

Germany’s economy remains roughly the same size as it was before the pandemic six years ago, as its export-dominated business sector struggles with multiple issues including stronger competition from China, a lack of skilled workers, higher energy prices, lagging infrastructure investment, and burdensome regulation and bureaucracy.

Economist Palmas said that Germany “is likely to be hit harder than other major economies by tariffs and continue to struggle this year” before increased government spending from the new government under Chancellor Friedrich Merz, aimed at making up the infrastructure gap, starts to boost the economy in 2026.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Share and Follow
FacebookXRedditPinterestWhatsApp
You May Also Like
State Rep calls 7-OH in kratom products the 'Wild Wild West' as FDA asks for ban
  • Local News

State Rep calls 7-OH in kratom products the 'Wild Wild West' as FDA asks for ban

TAMPA, Fla (WFLA) — The Food and Drug Administration wants to ban…
  • NewsFinale Journal
  • July 31, 2025
Federal lawsuit over education policy could change curriculum in SC public schools
  • Local News

Lawsuit Could Lead to Changes in South Carolina Public School Curriculum

COLUMBIA, S.C. (WSPA) – A legal battle in federal court could change…
  • NewsFinale Journal
  • July 31, 2025
Mother begs for help solving her son's 7-year-old murder case
  • Local News

Desperate Mother Seeks Assistance in Solving Her Son’s 7-Year-Old Murder Case

BEAUFORT COUNTY, SC () – A mother is still pleading for answers…
  • NewsFinale Journal
  • July 31, 2025
Senators forgo Corporation for Public Broadcasting funds in spending bill
  • Local News

Senators Opt Out of Funding for Corporation for Public Broadcasting in New Budget Bill

Sen. Patty Murray (Wash.), the top Democrat on the Senate Appropriations Committee,…
  • NewsFinale Journal
  • July 31, 2025
Danville teenagers hosting gun violence town hall
  • Local News

Danville Teens Organize Town Hall to Address Gun Violence

DANVILLE, Ill. (WCIA) — Some teenagers in Danville are leading a town…
  • NewsFinale Journal
  • July 31, 2025
'We've got to look at this an opportunity': Arcola principal discusses new football co-op
  • Local News

Arcola Principal Sees New Football Partnership as a Valuable Opportunity

ARCOLA, Ill. (WCIA) — A new era of high school football at…
  • NewsFinale Journal
  • July 31, 2025
'Happy Face Killer' wants Bryan Kohberger to move to Oregon prison
  • Local News

Convicted Serial Killer Urges Bryan Kohberger to Transfer to Oregon Prison

(NewsNation) — Bryan Kohberger has an unexpected ally in the form of…
  • NewsFinale Journal
  • July 31, 2025
Justin Timberlake reveals Lyme disease diagnosis as tour comes to an end
  • Local News

Justin Timberlake reveals Lyme disease diagnosis as tour comes to an end

(KTLA) — Singer Justin Timberlake has just wrapped up his Forget Tomorrow…
  • NewsFinale Journal
  • July 31, 2025
Toddler Boy Died in Hot Car After State Worker Picked Up Tobacco, Forgot to Take Him to Daycare
  • Crime

‘This baby died in a car’: Child Services Worker Admits to Leaving Tot Inside Hot Car for 5 Hours, Following Visitation with Dad

New details have emerged in connection with a 3-year-old Alabama boy who…
  • NewsFinale Journal
  • July 31, 2025
Jun 13th 2022 : Closeup of a woman holding and serving two cup of hot coffee at Starbucks coffee shop, Chiang mai Thailand
  • Health

5 Starbucks Orders to Help Trim Your Waistline

Starbucks is a popular choice for my family in the mornings, especially…
  • NewsFinale Journal
  • July 31, 2025
Son who beat mom with hammer charged with murder: Deputies
  • Crime

Son Accused of Killing Mother with Hammer: Deputies Report

Background: Police vehicles parked outside a home on the 18700 Block of…
  • NewsFinale Journal
  • July 31, 2025
Dozens of countries with no deals face higher tariffs as trade deadline nears
  • Local News

Many Countries Risk Facing Increased Tariffs as Trade Agreements Expire

WASHINGTON – Numerous countries around the world are facing the prospect of…
  • NewsFinale Journal
  • July 31, 2025
NewsFinale Journal
  • Home
  • Terms and Conditions
  • Sitemap
  • DMCA
  • Advertise Here
  • Donate