German firms could benefit from closer UK ties amid Trump's trade tariffs
Briefly

The recent US tariffs imposed on imports from 60 countries could create advantageous trade conditions for German manufacturers and alcohol producers focusing on the UK market. With a 10% tariff on UK imports compared to a 20% for those from the EU, German businesses could find new opportunities, especially in the alcohol sector. The UK, being a significant market for wine and beer, holds potential for growing German exports, prompting considerations for increased presence via direct trade or local partnerships.
The lower tariff on UK imports could be regarded as a silver lining for German businesses with a manufacturing presence in the UK, given the 10% rate announced for UK imports compared to the 20% rate on EU imports.
German producers could turn their attention to the UK, which is the second largest wine importer globally after the US. Although German alcohol exports to the UK are currently modest, there is significant potential for growth.
Read at Business Matters
[
|
]