ECB survey of its non-financial corporate contacts: "The main impact of the tariff announcements so far had been to prompt [euro area] firms to pause some investments and reassess their dependence on inputs from the United States."

Website:

https://www.ecb.europa.eu/press/economic-bulletin/focus/2025/html/ecb.ebbox202503_04~e39f433da9.en.html

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