In order to attribute the largest economy in the world to a “golden age”, he will order “Reciprocal Zölle” by April 9: ten percent for all countries, 20 percent on all imports from the European Union, 34 percent for Chinese goods, which are added to the already imposed 20 percent, 24 and 46 percent for deliveries from Japan, Vietnam, South Korea and India. The average customs, increases with the announcements to 18.8 percent and is therefore as high as in 1911. “This day will go into history than the day on which the American industry was born back,” Trump promoted the rose garden of the White House relatively alone with this assessment. In the event that Trump stays with his plans, the “biggest attack on free trade since World War II,” said IFO President Clemens Fuest of FAZ business associations spoke of a “deep blow to the global economy”. The fear of the effects of tariffs let the share prices sink around the world. The S&P 500 fell by 3 percent after opening the trading on Thursday, the German leading index Dax initially slipped by 2.3 percent to 21,873 points. Individual values, such as Adidas and Puma, which are strongly dependent on world trade, lost more than a tenth of their value during the day. External content activate but what will the long -term consequences for the global economy and the export nation Germany be? According to the EU Commission, the new tariffs announced and imposed by Trump will meet 70 percent of export to the United States, were worth 370 billion euros. Because goods traffic becomes more expensive and supply chains may have to be redesigned, economists expect a total of falling production around the world. The gross domestic product of the world will be almost one percent lower in the first year after the tariffs come into force than without the tariffs, Julian Hinz, trading researcher at the Kiel Institute for World Economy. Inflation, on the other hand, will be global by 0.5 percentage points higher. What does the tariffs for Germany mean for exporting Germany. The announced tariffs change the trade relationship with its most important trading partner. In 2024, German companies sold were worth around 161 billion euros to the United States, which corresponded to a tenth of German export. The trade surplus added up to almost 70 billion euros, which is a thorn in the side. A 20 percent customs of America would push German economic strength by 0.5 percent in the coming year, calculated Hinz. Inflation could be lower in this country, among other things because cheap products from Asia will no longer be delivered to America, but to Europe in the future. After two years with shrinking economic output, there were recently signs of slight growth. Now a longer recession threatens. “Since Germany’s economy is already stagnating, it is possible that the US tariffs will reduce economic growth in Germany under the zero line,” said IFO boss Fuest of the FAZ, which is particularly affected, the already weakening German industry. The German car companies, which delivered 445,000 cars worth $ 24.8 billion to the United States last year, are even burdened with a 25 percent customs that came into force on Thursday. According to a media report, VW temporarily stopped the delivery of vehicles from Mexico to the USA on the same day and stops imports from Europe in the ports for the time being. The business is the other large export sectors currently earn a lot of money in America: the pharmaceutical companies are making about a quarter of their business in the USA, they exported there were worth 27 billion euros. The mechanical engineers recently exported twelve percent of their goods to America, the chemical companies seven percent, and the representatives from the economy said on Thursday. “The procedure threatens our export -oriented companies and endangers prosperity, stability, jobs, innovations and investments worldwide,” said Wolfgang Niedermark, member of the main management of the BDI industrial association. But they also tried to demonstrate strength. “We are also well represented on other world markets,” said Volker Treier, head of the German Chamber of Commerce and Industry. The executive Federal Minister of Economics Robert Habeck (Greens) was combative. He sees growing sales opportunities for German car manufacturers because Trump’s chief consultant, the Tesla owner Elon Musk, the reputation of the electric car carche. Economic representatives appealed to politics to use the drastic event as an opportunity for new free trade agreements with like -minded partners, who have now also feared losses in America business. “The agreements with the South American Mercosur countries and with India must finally be brought under the roof and subject,” said Dihk representative Treier. How reacts the EU? The BDI Industrial Association called for unity within the European Union and the industries concerned. The commission’s previous procedure in Brussels is supported. “The EU has its own instruments for an effective counter reaction that can determine it determined,” said Industry representative Niedermark. “We support the commission’s strategy of continuing to remain unavoidable when knowing European strengths and to react flexibly to possible offers.” The EU Commission focused on de-escalation on Thursday. The Union is ready to act and prepare countermeasures, said Commission chief Ursula von der Leyen. Above all, she offered Trump to talk about the reduction of trade barriers: “Let us leave and negotiate the course of confrontation.” Diplomats do not expect the Commission to quickly announce new steps against the United States. She would initially wait for the meeting of the EU Minister of Trade, which was already set for Monday. Pressure on Trump or concessions to him can change something on his tariffs, remained open on Thursday. On the one hand, Trump had said that countries should lower their own tariffs if they strive for relief. At the same time, it was rumored that the customs announcement was not an invitation to negotiate, i.e. not a first surcharge that is supposed to wrestle other countries. Finance Minister Scott Bessent asked the United States trading partners not to take retaliation against President Trump’s new punitive tariffs. “I would not try to practice retaliation,” he said in an interview. Trump argues that the tariffs could lead to revenue for the federal government of up to a trillion dollar a year. You could help reduce the government debt and to replace income taxes. The idea of the president of completely replacing direct taxes with the tariffs such as the income tax, IFO boss Fuest describes as “illusory” on Thursday. However, Trump could use the customs income to reduce taxes. “However, this will have a strong regressive effect. If Trump also wants to reduce the budget deficit, as he claims, it will be nothing with tax cuts,” said Fuest. In total, economists assume that America will be the greatest suffering of their own customs policy. The US economy loses around 1.9 percent of its economic output and has to accept a price increase by more than 1.7 percentage points, IFW researcher Hinz calculates. Potential returns from industrial workplaces to America would be outshone by larger negative effects. “If Trump wants to attract investments in the USA and at the same time reduce the trade deficit, the Americans have to save more. That requires painful adjustments in the form of waiver of consumption,” says Fuest. How difficult to protect Trump’s goal of protecting domestic companies and to be implemented foreign, was already precise on Thursday. The US company Apple, the largest group in the world in terms of market capitalization, lost more than seven percent on Thursday on Thursday. It produces a large part of his devices in China, and an additional inch of 34 percent should apply from then on. Apple has increasingly built production capacities in Vietnam and India to diversify its supply chains, but Trump has now imposed high tariffs through these countries.
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