European business leaders and economic experts are raising alarms over U.S. tariff policies, warning that escalating trade tensions risk exacerbating global economic instability. Christian Kullmann, CEO of German chemical giant Evonik, described Washington's approach as 'disastrous' during a recent interview, citing suppressed global orders and delayed investments due to policy unpredictability.
'The constant threat of new tariffs creates a climate of uncertainty that stifles growth,' Kullmann stated, noting that even potential EU-U.S. trade agreements might fail to address long-term concerns about America's shifting economic strategies. His comments reflect growing European frustration with what many perceive as protectionist 'America First' policies.
With global competition intensifying, Kullmann urged European leaders to prioritize economic resilience over protectionism: 'Our answer must be “Business First” – strengthening innovation and competitiveness through strategic investments rather than trade barriers.' This call to action comes as multinational corporations reassess supply chains amid fluctuating international trade conditions.
The debate highlights broader concerns about global economic governance, with business leaders emphasizing the need for stable frameworks to support post-pandemic recovery efforts. As tariff negotiations continue, European firms remain cautiously optimistic about finding balanced solutions that preserve international trade flows.
