European companies take evasive action as Trump tariffs hit, brace for second wave [Yahoo! Finance]
CONTL AG S/ADR (CTTAY)
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Source: Yahoo! Finance
LONDON (Reuters) - European companies, from Swiss chocolatiers to German car parts makers, are preparing their 'plan Bs' to adapt to U.S. trade tariffs that became a blunt reality on Tuesday, with a second barrage specifically targeting the region expected next month. U.S. President Donald Trump imposed hefty 25% tariffs on imports from Mexico and Canada, along with a doubling of duties on Chinese goods to 20%, moves which could upend nearly $2.2 trillion in two-way annual U.S. trade. European companies are caught in the middle for now, but face the prospect of a second barrage of tariffs targeting the bloc in April, with Trump having floated a 25% "reciprocal" rate on European cars and other goods. Switzerland's Lindt & Spruengli, which has several factories in the United States, may shift the supply chain to these plants towards Europe and reduce supply coming from Canada to avoid the impact of Trump's tariffs. "The volumes that we source currently for Canada can all be shi
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