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What Impact Could 12% Tariffs Have on Jobs in the EU?

Markets

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July 22, 2025

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Bloomberg

Jasmin Gröschl, senior economist at Allianz, discusses the impact ongoing tariff and trade uncertainty could have on the job market within the European Union. Asked what a potential 12% tariff could mean for the labor market, she says "around half a million jobs" could be at risk within the bloc. Gröschl speaks on Bloomberg Television. (Source: Bloomberg)

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