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Reuters

Reuters

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World

Some European companies wary of expanding in US amid tariff chaos

Reuters
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U.S. President Donald Trump 's erratic approach to tariffs is causing some smaller European companies to question the benefits of expanding in the US . Small- and medium-sized enterprises (SMEs) are the backbone of many economies, including Italy and Germany .

The stream of announcements, roll-backs and exemptions has left some smaller firms warier of committing.

"We have seen that the situation can change quickly overnight ," said Sebastian Zank , head of corporates ratings production at credit ratings agency Scope . "Everyone will keep their feet still until a picture emerges that can be described as sustainable." ($ 1 = 0.8723 euros) (Reporting by Giulio Piovaccari , Christoph Steitz and Victoria Waldersee ; Editing by Catherine Evans ).