CECE: European manufacturers should explore new markets amid tariff turmoil

Jose Nieto, speaking at the CECE Congress 2024 in Madrid, Spain Jose Nieto, speaking at the CECE Congress 2024 in Madrid, Spain (Image: CECE)

The turmoil created by the introduction of punishing new import tariffs by US President Donald Trump should serve as a wake-up call for European manufacturers to look for new export markets, according to the Committee for European Construction Equipment (CECE).

Executives from CECE, which represents 1,200 European construction equipment manufacturers through national trade associations, made the comments at the launch of CECE’s latest economic report during the Bauma exhibition in Munich, Germany.

The report found that a flat construction equipment market in Europe in 2025 would be a positive result,…

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