Sat. Oct 12th, 2024

German economies are afraid that Trump will ruin their countries

German economies are afraid that Trump will spoil their countries

German exports to The USA may fall into danger by 15%, since Donald Trump will prevail in the US elections, ahead of the economic institute ifo in Munich together with Econpol Europe, write DW.

According to the institute, Trump’s success will hit German exports to the United States, and Automotive and pharmaceutical products are the most affected. The decline in both directions is in thirds.

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It appears that German exports to China are also experiencing a negative increase and may fall by as much as 10%, according to analysts’ estimates.

It is expected that or even that , that Trump, having voted for the introduction of tariffs of 60% on American imports from China and 20% from China, decided to make German products more expensive in the USA. a new trade war with China, Germany, as an exporting country, is greatly affected by this,” – said IFO trading expert Lizandra Flach.

Experts do not support potential counter-entries from the side of China. If such arrivals come into force, the flow into Nimechchyna may be even greater, it seems, savings.

Prepared by: Nina Petrovich

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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