Impact of Donald Trump's Tariffs on Germany

SOURCE www.telegraph.co.uk
Germany is set to be hit hard by Donald Trump's tariff surge, with top economists warning of severe impacts on German carmakers and potential recession in the country.

Key Points

  • Germany to be one of the EU countries hit hardest by the tariffs
  • German car industry worth half a trillion euros
  • Tariffs could cost Germany's carmakers an estimated €11 billion
  • Risk of recession in Germany

Cons

  • Severe impact on German car industry
  • Risk of recession in Germany
  • Potential drain of around half a per cent of GDP