Trump's Tariffs: European SMEs Rethink U.S. Expansion

President Trump's erratic tariff policies are deterring smaller European firms from expanding in the U.S. market. While some major companies are moving ahead, SMEs face challenges like high U.S. labor costs and steel tariffs. This unpredictability has SMEs considering alternate markets amid trade tensions.

President Donald Trump's unpredictable approach to tariffs is prompting smaller European companies to reconsider U.S. market expansions, highlighting challenges in navigating trade within the world's leading economy.

Trump's tariffs, targeting imports from steel to cars, aim to encourage foreign investment in the U.S. However, for smaller companies, high costs and uncertainty deter commitment.

European businesses are told to explore alternative markets like India and Latin America, as firms tread carefully amid instability driven by U.S. trade policies.

(With inputs from agencies.)