Name: These European industries are most at risk from Trump’s tariff threats
Uploaded: 2026-01-19T14:20:16.240Z
Duration: 48 s
Description: The threat of U.S. tariffs on eight European countries over Greenland would hit European businesses and industries hard. CNBC takes a look at which European industries are most exposed to heightened trans-Atlantic trade risks.

The threat of U.S. tariffs on eight European countries over Greenland would hit European businesses and industries hard. CNBC takes a look at which European industries are most exposed to heightened trans-Atlantic trade risks.

Brussels

European industries are expected to be significantly impacted by additional tariffs imposed on both sides of the Atlantic. Despite earlier threats, EU trade with the US remained strong, with the bloc widening its trade surplus, partly due to companies accelerating shipments ahead of anticipated policy changes.

Germany, France, and the United Kingdom are among the most affected, with Germany holding the largest trade surplus. The sectors most vulnerable to these tariffs include pharmaceuticals, machinery, chemicals, vehicles and parts, as well as specific industries in the UK and Norway such as autos, gas turbines, consumer medicines, oil, and fish.

These European industries are most at risk from Trump’s tariff threats

Additional tariffs on both sides of the Atlantic are set to hit European businesses and industries hard. Despite the threats in the first half of last year, EU trade with the US stayed strong and the bloc widened its surplus. But much of that first quarter spike came from companies front-loading shipments ahead of President Donald Trump's so-called Liberation Day announcement in April. Looking specifically at the eight countries in Trump's latest tariff crosshairs, Germany by far enjoys the greatest trade surplus, followed by France and the United Kingdom. Across the EU, the sectors driving exports to the US include pharma, machinery, chemicals and vehicles and parts. For the UK, the auto sector, gas turbines and consumer medicines are most exposed. And for Norway, it's oil and fish.

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