Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says - Reuters
Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says Reuters
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Notable Quotes
""The effects would be substantial.""
— Moritz Schularick , Academic
""Germany's already sluggish growth rate would be hit hard.""
— Julian Hinz , Academic
""The EU should simply wait and see for now.""
— Jens Suedekum , Academic
""It all seems quite impulsive.""
— Jens Suedekum , Academic
""The effects would be substantial.""
— Moritz Schularick , Academic
""Germany's already sluggish growth rate would be hit hard.""
— Julian Hinz , Academic
""The EU should simply wait and see for now.""
— Jens Suedekum , Academic
Key People
Former president of the United States known for his aggressive economic policies.
Jens Suedekum is the chief adviser to the German economy minister.
Julian Hinz is an economist at the Kiel Institute for the World Economy.
Moritz Schularick is the President of the Kiel Institute for the World Economy.
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<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxQblo0X0ZIM3dMRnVOUlo4UFZJQnFybUpiSWRid29tT3Z0bFZiWDRVMlhJSFdhdmowdFlYWW42eE9XcDVOX0EtdHdPSzZwM3g2MjhmOXNVVTJKdmxud1I0QU80empzMFRkXzBFQ0R5UTdEX1F5YXFvZ1hpR0RqWm1BaHd3NnlDVXUzdGtVVDlCLWNhTHdoUXRDUGFwZ0JteURFcTh4Y3RpYTV6WS1yb08tM3BoWHFULWhtMUVscWhMWDlSWWs?oc=5" target="_blank">Trump auto tariff hike could cost Germany nearly $18 billion in output, institute says</a> <font color="#6f6f6f">Reuters</font>
The Kiel Institute for the World Economy warns that the U.S. tariff increase to 25% on EU auto imports could slash Germany’s output by nearly €15 billion short-term, rising to €30 billion over time, endangering its already fragile growth outlook.
Germany faces a potential €15 billion output loss due to U.S. President Donald Trump's planned tariff increase on European cars and trucks. The Kiel Institute for the World Economy warns of substantial economic impact, highlighting Germany's automotive sector's vulnerability to U.S. trade policies.
The Kiel Institute for the World Economy estimates that the U.S. tariff hike on EU cars and trucks could cost Germany nearly €15 billion ($17.58 billion) in output, with potential long-term losses reaching €30 billion.
The Kiel Institute for the World Economy warns that the U.S. tariff hike on EU cars and trucks could lead to a €15 billion output loss for Germany, highlighting the automotive sector's vulnerability to U.S. trade policies.
The Kiel Institute for the World Economy estimates that the U.S. tariff hike on EU cars and trucks could cost Germany nearly €15 billion ($17.58 billion) in output, with potential long-term losses reaching €30 billion.
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