Trump’s tariff plan threatens 2.4% drop in German exports: ifo
US President Trump’s proposed reciprocal US tariffs may cut German exports by 2.4 per cent, though the impact is milder than a blanket 20 per cent tariff, as per the ifo Institute. Over half of German exports to the US could be affected. The ifo stresses that successful EU-US talks on equal tariff cuts could raise German value added, highlighting the role of diplomacy in preventing trade tensions.
US President Trump’s proposed reciprocal US tariffs may cut German exports by 2.4 per cent, though the impact is milder than a blanket 20 per cent tariff, as per the ifo Institute.
Over half of German exports to the US could be affected.
The ifo stresses that successful EU-US talks on equal tariff cuts could raise German value added, highlighting the role of diplomacy in preventing trade tensions.
