What do Trump's tariffs mean for Germany?
Donald Trump is getting serious with his tariff threats and could soon target European exports.
Commerzbank Economic Research
03/14/2025
Which of Donald Trump's tariff plans affect Germany?
During his still young term of office, the US president has announced various import tariffs. The duties of 25% on steel and aluminum introduced this week, are the first ones so far that directly impact imports from Europe. It is probably only a matter of time before Trump introduces further tariffs on imports from the European Union (EU). The US president assumes that the EU was founded “to screw over the USA.” The US trade deficit in goods with the EU of more than 200 billion US dollars is also a thorn in Donald Trump's side.
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