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How severely could U.S. tariffs impact Europe? These sectors are likely to be hit hardest [Fortune]

BASF SE S/ADR (BASFY) 
NASDAQ:AMEX Investor Relations: basf.com/en/company/investor-relations.html
Company Research Source: Fortune
The United States is a key market for many EU sectors, with Brussels putting its trade surplus with Washington at $50 billion. Here are the sectors likely to be hit hard by US tariffs. Steel About 25 percent of EU steel exports go to the United States, according to the Roland Berger consultancy. Additional tariffs would further harm the industry which according to France's industry and energy minister is already “close to the breaking point”. Demand for steel in Europe has fallen by a quarter over the past five years, due the difficulties faced by the auto and construction industries. Cars Every year more than a million vehicles cross the Atlantic between the EU and North America, according to the trade association of European carmakers. Motor vehicles are one of the top three EU exports to the United States, according to the European Commission. Germany is the most exposed, with the United States its second-largest export market following China. European automake Show less Read more
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