US President Donald Trump brings a new round of far-reaching tariffs. The Republican said and signed a corresponding arrangement. The details should therefore be worked out within the coming months.
“Today is the big day: reciprocal tariffs,” Trump announced on Thursday on his online platform. Trump had recently arranged tariffs for steel and aluminum and hemalized the countries, which in turn raise tariffs on US imports. According to experts, this threatens to start a protectionist escalation and to refer inflation again. Trump had also previously explained that he also checked separate tariffs on cars, semiconductors and medicines. The EU has already stated that customs measures against the European Union “will not remain unanswered”. Trump had already announced this type of tariffs in the election campaign: “Eye for eye, customs for customs, exactly the same height,” he said.
Specifically, after taking office on January 20, Trump imposed tariffs of ten percent on goods from China. He also ordered tariffs on goods from the neighboring countries of Canada and Mexico, but admitted a 30-day postponement here.
Around ten percent of exports go from Germany to the largest economy in the world, which is the largest buyer of goods “Made in Germany”. “After about five years of a stagnating gross domestic product, reciprocal US tariffs could also weaken the German economy,” said Commerzbank economist Stamer.
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