Carlo Thelen: “Everyone’s going to lose in the trade war”

04.04.2025 - Delano

Pressespiegel

Following Donald Trump’s announcement of massive tariffs on imports, Chamber of Commerce director Carlo Thelen talks us through the immediate consequences for Europe and Luxembourg.

Donald Trump’s announcement of new tariffs marks a turning point in transatlantic trade relations. By imposing a 20% tariff on imports from the European Union, the US president is rekindling protectionist tensions. Between economic concerns and geopolitical uncertainties, the repercussions of this decision are likely to be global. Carlo Thelen, director general of the Luxembourg Chamber of Commerce, gives his analysis.

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