
Europe’s Restraint Makes Trump’s Tariffs Pay
Tariff revenue is bankrolling American tax cuts, and Europe is quietly footing the bill.
Author profile

Christian Breuer is a senior economist at the Macroeconomic Policy Institute (IMK) at the Hans Boeckler Foundation and honorary professor of public economics at Chemnitz University of Technology. From 2019 to 2023, he served as editor-in-chief of the journals Wirtschaftsdienst and Intereconomics.

Tariff revenue is bankrolling American tax cuts, and Europe is quietly footing the bill.