Transatlantic Tensions and U.S. Shifts: What Investors Need to Know Now

This Northern Trust commentary—authored by Chief Economists Tannenbaum, Boyle, and Tandon—offers timely insight into escalating U.S.-EU trade tensions, evolving immigration policy, and shifting investor sentiment around U.S. exceptionalism.

• Trade Alert: A potential 50% tariff on EU imports could disrupt $1.5T in transatlantic trade and threaten $4T in U.S.-EU investments.

• EU Countermeasures: The bloc readies €95B in retaliatory tariffs, targeting key U.S. sectors from autos to agriculture.

• Immigration Pivot: A crackdown on asylum and protected status could tighten labor markets, pressuring wage inflation.

Read the full report for in-depth economic forecasts, sectoral risks, and strategic implications.