Germany's economy is under pressure from new tariffs imposed by the U.S. on EU goods, raising concerns about meeting growth expectations. Finance Minister Jorg Kukies stressed the need for a robust response beyond negotiations, while economists highlighted the detrimental uncertainty of fluctuating U.S. trade policies. The auto industry, a cornerstone of the German economy, anticipates significant losses due to these tariffs. Analysts predict that leading automakers will face billions in losses, demonstrating the potential impact of U.S. trade decisions on Germany's economic outlook.
Germany's finance minister emphasized the need for a strong, constructive response to the sweeping tariffs imposed by President Trump, warning against naive inaction.
Schnitzer noted that while companies can adjust to tariffs, the unpredictability of trade threats can severely damage the economy due to lack of stability.
Collection
[
|
...
]