Each arc shows the impact of Trump tariffs on one economic sector in Europe. The blue lines show countries and sectors that gain output from the shock; red lines indicate a decreased output. The darker the lines, the bigger the effects are.
Bottom left: The electricity sector shows a decrease in output consistently through all countries due to less energy being required in the EU steel and aluminum manufacturing sector.
Bottom right: The manufacturers of automotive vehicles profit from the tariffs. The reduced demand for European steel and aluminum in the US increases the supply of these metals in Europe. This leads to positive effects for sectors that require them.