How Europeans Expect Companies to Respond to Trump’s Tariffs 

Table of Contents

When American tariffs disrupt trade, how should European companies respond?

Our latest research reveals that European stakeholders have clear expectations — and that corporate silence, while often seen as risky, isn’t always viewed negatively. 

We asked over 4,000 people across five European markets* how companies should act and communicate when tariffs hit. Here’s what we found. 

1. Price stability matters most, followed by action

The top responses to how companies should react to tariffs were: 

  • Keep prices stable (36%) 
  • Adapt or localize supply chains (32%) 
  • Support European workers and protect jobs (28%) 

While these were consistent across most markets, there were notable regional differences. 

  • “Adapt or localize” was especially strong in Germany (37%) and the top answer in Switzerland (32%). 
  • “Support European workers and protect jobs” was the top answer in France (32%) — but only the sixth-highest in the Netherlands (19%). 
  • “Keeping prices stable” was top in the Netherlands (46%), where a relatively higher percentage of respondents (22%) said companies should “communicate openly and transparently with stakeholders”. 

2. Regional nuance drives policy preferences

“Advocate for open and fair-trade policies” ranked fourth overall (24%) — but was higher in the UK (28%, Germany (29%), and the Netherlands (28%) — where it was the number-two answer. In France, though, just 12% supported this option, making it the least popular answer. Similarly, only 19% of Swiss respondents chose it. 

3. Communication should be proactive, but measured

A clear majority of Europeans (34%) want companies to communicate proactively with clear updates across multiple channels when US tariffs affect their operations. In the UK, that figure is 45%. The next highest response — “Only when there’s concrete impact” — trails at 17%, and gets the most support in the Netherlands (23%). 

Only 8% of respondents believe companies should stay silent or communicate “quietly” — and fewer still in the Netherlands (4%). 

4. Silence isn’t always a dealbreaker

When asked how “remaining silent during a major trade dispute” would affect their perception of a company: 

  • Most respondents sat on the fence, seeing silence as neither positive nor negative (23% answered 4 on a 1–7 scale, where 7 meant the company’s silence would have a “very positive” impact). 
  • About 11% saw silence as having a “very negative” impact.
  • Interestingly, younger age groups (about 16% of 18-34s), high earners (25%), and social media influencers (33%) were more likely to view corporate silence very positively (compared to about 3% of 45-75s and 8% of average earners). 
  • Only in Switzerland does a higher percentage of respondents see silence as “very positive” (14%) than as “very negative” (11%). 

5. Demographics shape expectations

Uncertainty istwice as high among women(12%) as it is among men (5%). Women are slightly more likely to prioritizeprice stability(38% vs. 34%), while men favormore assertive approaches, like pushing European leaders (25% vs. 20%). Younger people (18–34) are also much more likely to supportcommunicating openly and transparentlywith stakeholders (22%) compared to those aged 45–75 (13%). 

6. Parallels with the US

On both sides of the Atlantic, stakeholders want companies impacted by the trade war to betransparentandcommunicateclearly with them. 

As we saw above, 34% of respondents in Europe said companies subject to US tariffs should communicate “proactively with clear updates across multiple channels”. 

In the US, 37% said companies impacted by tariffs should “be transparent about the impact” (and these were the top answers in each region). 

A minor difference is that Europeans place slightly more emphasis on keeping prices stable (36% vs. 26% of Americans, though the question was framed slightly differently). 

But overall, stakeholders in both regions see corporate openness around tariffs as key. 

Recommendations for CCOs

1. Align messages with public priorities

Keep communication focused on stability, action, and fairness. “Keep prices stable” and “Adapt or localize” resonate across most markets — messaging should reflect that.

2. Don’t underestimate silence — but use it wisely

While proactive communication is the public’s top choice, silence isn’t always harmful. Among younger stakeholders, high earners, and SoMe influencers, restraint may build trust, support, and positive perceptions.

3. Tailor messaging by age and gender

Women are more uncertain but lean toward stability. Men prefer assertiveness. Younger groups want transparency and reassurance; older groups are less focused on comms. 

4. Localize by market and mindset

Different countries respond to different cues. Relatively speaking, the Dutch expect proactive communication, Germans lean towards more operational responses, and the French prioritize protecting jobs. Use local insights to shape tone, priorities, and timing — a single message won’t work everywhere.