Donald Trump's U.S. election win has left Europe scrabbling to work out how it will be able to contain — or counter — probable tariffs on its exports to the U.S.

A Trump victory may harm Europe's economy as proposed 10% US tariffs risk hitting European exports like autos and chemicals, eroding Europe’s GDP by up to 1.5% or about €260bn. Analysts warn of ECB rate cuts,

The European economy would suffer if Donald Trump enacted his pledges on tariffs and trade barriers, and this could impact European Central Bank policy, Greek Central Bank chief Yannis Stournaras said on Thursday.

The United States is the biggest trading partner for the European Union and Britain, whose economies could be at risk from the president-elect’s policies.