US Tariffs Threaten EU Job Market: 1.7 Million Jobs at Risk in Key Industries

March 28, 2025
US Tariffs Threaten EU Job Market: 1.7 Million Jobs at Risk in Key Industries
  • The blue-collar manufacturing, logistics, and distribution sectors are expected to be the most affected by these tariffs, which could exacerbate existing skills shortages in IT and engineering fields.

  • As the deadline of April 2 approaches, uncertainty surrounding the specifics of the potential US tariffs is raising concerns about the EU labor market.

  • The EU employment sector could face a staggering loss of around 1.7 million jobs due to these tariffs, with key countries like Germany, Italy, the UK, France, and Poland being heavily impacted.

  • Germany is projected to lose approximately 400,000 jobs, while Italy, the UK, France, and Poland could see job losses of 240,000, 150,000, 140,000, and 100,000 respectively.

  • The anticipated implementation of broad US tariffs poses a significant threat to labor recovery within the European Union.

  • Analysts at Deutsche Bank estimate that reciprocal tariffs on all exports to the US could lead to a reduction in GDP by around 0.9% for the EU and 0.6% for the UK.

Summary based on 1 source


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Source

Potential U.S. tariffs threaten EU labor recovery- DB

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