Kacper Pempel/Reuters
- European companies could benefit from President Donald Trump's escalating trade war, analysts at Citi wrote to clients.
- "Winning the trade war, albeit not from the sidelines anymore, remains a real opportunity for Europe," Citi said.
- European corporates can steal market share from American firms in markets like China, while also benefitting in bilateral trade agreements as US influence wanes.
- This could lead to both anger from Trump, and damage to the US economy.
As the growing trade war between the Trump administration and the rest of the world threatens to boil over, Europe and European companies stand to be the biggest beneficiaries — if they play their cards right.
That's according to analysts at Citi, who believe the burgeoning conflict provides "a real opportunity" for Europe.
See the rest of the story at Business Insider
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See Also:
- The EU hits back at Trump's claim it is 'as bad as China' — threatening tariffs on $300 billion of goods
- Global stocks are bouncing after Trump made a conciliatory move in the trade war
- 'Somebody needs their head examined if they think this is good for the American economy': Businesses are sounding the alarm on Trump's tariffs
from Business Insider https://ift.tt/2KDtqQu
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