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ECB Sees Jobs at Risk If China Reroutes Trade to Europe From US

Summary by Bloomberg
Hundreds of thousands of European jobs might be on the line if Donald Trump’s trade war encourages China to ship its goods to the old continent, research by the European Central Bank shows.

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The growing trade war between the United States and China is causing expansive waves that will have a full impact on the heart of the European economy. An analysis published by the European Central Bank (ECB) alerts to the possible consequences of Donald Trump’s new tariff policy, which could drive a redirection of Chinese exports to the European market. The immediate effect: an intensification of competition for Eurozone producers and extremely…

The European Central Bank (ECB) warned on the 6th that hundreds of thousands of European jobs could be at risk if U.S. President Donald Trump's trade war leads China to increase its exports to Europe.

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Bloomberg broke the news in United States on Wednesday, August 6, 2025.
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