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Summary
The Trump administration, on April 2, 2025, announced that new tariffs of 20% and 10% will be applied to goods from the EU and the U.K., respectively, from April 9. Copper, pharmaceuticals, semiconductors, and lumber articles are excluded from these tariffs although specific tariffs may be applied later. Join us for an interactive session where we will discuss the macro-economic impacts and the potential widespread credit challenges, resulting from the imposed tariffs, on the U.S. - European trade relationship.
Key highlights include:
- The top risks that the European market faces
- An overview of the sectors that will be most impacted
- Insights on relevant cross-industry credit trends, challenges, and opportunities
Moderator
S&P Global Market Intelligence
Carla De velasco
Customer Success Manager
Speakers
S&P Global Ratings
Sylvain Broyer, Ph.D.
Chief Economist EMEA
Dr. Sylvain Broyer is the Chief EMEA Economist at S&P Global Ratings.
Before that, Sylvain was Head of Economics at the French investment bank Natixis and a member of the General Management of its German Branch. Sylvain has been a member of the "ECB shadow Council", a panel of leading European economists formed by German economic daily Handelsblatt since November 2012, and is a member of different public sector advisory groups (European Investment Bank, European Security Markets Authority, French Markets regulation authority).
Sylvain holds doctorate degrees in Economics from the Universities of Frankfurt and of Lyon as well as a certification from the International Capital Market Association (ICMA). He teaches at the Paris Dauphine University for the Master in Banking & Finance.
S&P Global Ratings
Paul Watters
S&P Global Ratings
Head of Credit Research EMEA
Paul Watters is Head of European Credit Research for S&P Global Ratings. Since 2017 he has been the chair of S&P’s European Credit Conditions Committee where senior analysts and economists examine macro credit trends and risks factors that may broadly impact Credit Ratings.
Prior to his current role Paul has held various senior product development, analytical, and research roles within S&P’s Leveraged Finance Group since joining S&P in January 2002, that included being a primary analyst for a portfolio of high yield credits in the metals and mining, chemicals, and oil and gas sectors.
Previous to S&P, Paul spent almost fifteen years working in debt capital markets in various senior trading and research roles with both Lehman Brothers and Nomura International.
Paul is a CFA Charterholder, and a Fellow of the Association of Corporate Treasurers.
S&P Global Market Intelligence
Baird Snyder
Head of New Product Development
Questions?
Please contact us if you need more information or have trouble accessing the webinar.