For Europe Inc, US tariff relief comes with a sting in the tail [Yahoo! Finance Canada]
BASF SE S/ADR (BASFY)
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Source: Yahoo! Finance Canada
MILAN/FRANKFURT/LONDON/PARIS, Feb 21 (Reuters) - From European wine makers to chemical companies and distillers, the U.S. Supreme Court ruling knocking down a large part of President Donald Trump's trade tariffs comes with a sting in ?the tail: an even more uncertain trade outlook. In a decision that will ripple through the global economy, the top U.S. court struck down ?Trump's sweeping tariffs imposed under a law meant for use in national emergencies, handing a stinging defeat to the Republican president. But while many businesses cheered after lengthy legal battles against tariffs, ?European trade groups, companies and analysts worried that the ruling may make trade relations even more messy after hard-struck trade deals last year. "This ruling ... risks creating a boomerang effect, producing further uncertainty and a freeze on orders while operators wait for a clearer regulatory framework," said Paolo Castelletti, secretary general of Italian wine association UIV. The U.S
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