The European Economy refers to the economic systems, activities, and structures within European countries, particularly those that are part of the European Union (EU) and the broader European continent. It encompasses a range of factors including trade, production, consumption, currency (primarily the Euro), and economic policies. The European Economy is characterized by its integration and cooperation among member states, which aim to create a cohesive economic area that facilitates the free movement of goods, services, labor, and capital. Key institutions such as the European Central Bank and the European Commission play significant roles in shaping economic policies and ensuring stability. The European Economy also considers regional disparities, economic growth, employment levels, and the impact of global economic trends.
French President Emmanuel Macron has declared that Europe will impose reciprocal tariffs in response to the U.S.'s proposed 25% tariff on European steel and aluminum. The move by Europe comes…