Europe Tensions Over Trump's 'Tariff Bomb' Preview..."Everyone will be defeated".

As U.S. President-elect Donald Trump forewarned a "tariff bomb" targeting Canada, Mexico and China, European Central Bank and industrial figures expressed concern one after another.

"When you're imposing tariffs, you have to be mindful that a vicious cycle can start with retaliation from your opponents," European Central Bank Vice President Luis Degindos told Finnish media, according to Reuters.

"This could eventually lead to a trade war that is extremely detrimental to the global economy," Degindos said, warning that both could be defeated, with growth weakening, inflation rising and financial stability affected.

Portugal's central bank governor Mario Centeno also mentioned Trump's tariff policy in a Reuters interview and pointed out that "the downside risks of the economy are accumulating."

"If the U.S. imposes tariffs on other countries, whether 10% or 20%, and the opponent responds to it, all countries will lose money," Finland's central bank governor Ollie Ren said, predicting that European economic activity will sink next year and that the economic recovery will be minimal."In this situation, the United States will suffer the most," President

ren said, stressing that "the other country can find other export routes, but U.S. companies will face the same tariffs everywhere."According to the

dpa news agency, Germany's Deputy Prime Minister Robert Habeck, the largest economy in the EU, also met with industry officials and warned, "If the cost of exports to the United States increases, everyone will suffer," adding, "It is unpredictable, but it can lead to serious consequences."

Deputy Prime Minister Habeck emphasized that "the EU should not be divided and speak out in one voice."