Frédéric Jacobs @fj@mastodon.social
Public

The European Central Bank Consumer Expectations Survey calls out that “recent US tariffs may lead to a broader shift in preferences, causing Europeans to move away from US products and brands altogether, regardless of price changes.”

"around 44% of respondents expressed a willingness to shift their spending away from US products, irrespective of the tariff rate and primarily due to a preference to switch away”

ecb.europa.eu/press/blog/date/

How will European consumers react to US tariffs?

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

www.ecb.europa.eu · European Central Bank

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