The prospect of increased tariffs under Donald Trump's presidency is raising significant concerns globally, with planned tariffs on imports potentially reaching 10-20% and those on Chinese goods 60-100%. This could severely impact the US economy, with estimates suggesting American families might face increased costs of up to $7,600 annually. In the Netherlands, concerns mount over potential tariffs harming key industries like automotive manufacturing and pushing the eurozone toward recession. Dutch business organization VNO-NCW emphasizes maintaining strong U.S. relations while urging the EU to bolster its competitiveness. Rabobank estimates a Trump victory could shrink the Dutch economy by €10 billion long-term. Similar apprehensions are shared by German firms, and in the UK, Foreign Secretary David Lammy highlights the importance of strong trade relations with the US, while British businesses call for strengthening ties with Europe to mitigate potential impacts.