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US tariffs threaten to push Germany into recession: ifo Institute
US reciprocal tariffs could slash Germany’s GDP by 0.3 per cent in 2024, hitting key sectors like automotive and engineering, as per the ifo Institute. Clemens Fuest has called the US strategy implausible, citing risks to productivity and consumption. Foreign trade expert Lisandra Flach has criticised the arbitrary nature of US tariffs, making negotiations difficult.
US reciprocal tariffs could slash Germany’s GDP by 0.3 per cent in 2024, hitting key sectors like automotive and engineering, as per the ifo Institute.
Clemens Fuest has called the US strategy implausible, citing risks to productivity and consumption.
Foreign trade expert Lisandra Flach has criticised the arbitrary nature of US tariffs, making negotiations difficult.
