https://sputnikglobe.com/20250417/trade-war-with-us-may-cost-germany-a-whopping-330bln-1121880776.html
Commerce Warfare With US Might Price Germany a Whopping $330Bln
Commerce Warfare With US Might Price Germany a Whopping $330Bln
Sputnik Worldwide
The commerce struggle initiated by US President Donald Trump might value Germany 290 billion euros ($330 billion) by 2028, equal to an annual lack of 1.6% of the nation’s GDP, the Handelsblatt newspaper reported, citing a research by the German Financial Institute (IW).
2025-04-17T05:03+0000
2025-04-17T05:03+0000
2025-04-17T05:03+0000
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The US tariffs might value all the European Union 1.1 trillion euros between 2025 and 2028, the report mentioned on Wednesday. The tariffs will hit growing international locations and international locations with transition economies even tougher, for which the IW predicts a “dramatic decline in development charges,” the report learn. On April 2, Trump signed an govt order that carried out reciprocal tariffs on imports from numerous international locations. The bottom tariff charge was established at 10%, with greater charges utilized to 57 international locations primarily based on the US commerce deficit with every particular nation. On April 9, Trump declared {that a} baseline tariff of 10% can be imposed for 90 days on over 75 international locations that had not retaliated and had requested negotiations, apart from China. Because the commerce struggle progressed, US tariffs on Chinese language items hit 145%, whereas China’s tariffs on American imports reached 125%.
https://sputnikglobe.com/20250416/moscow-warns-ukraines-economic-integration-into-pan-european-market-will-backfire-on-eu-1121878237.html
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the commerce struggle initiated by us president donald trump might value germany 290 billion euros ($330 billion) by 2028, equal to an annual lack of 1.6% of the nation’s gdp, the handelsblatt newspaper reported, citing a research by the german financial institute (iw).
the commerce struggle initiated by us president donald trump might value germany 290 billion euros ($330 billion) by 2028, equal to an annual lack of 1.6% of the nation’s gdp, the handelsblatt newspaper reported, citing a research by the german financial institute (iw).
The commerce struggle initiated by US President Donald Trump might value Germany 290 billion euros ($330 billion) by 2028, equal to an annual lack of 1.6% of the nation’s GDP, the Handelsblatt newspaper reported, citing a research by the German Financial Institute (IW).
The US tariffs might value all the European Union 1.1 trillion euros between 2025 and 2028, the report mentioned on Wednesday. The tariffs will hit growing international locations and international locations with transition economies even tougher, for which the IW predicts a “dramatic decline in development charges,” the report learn.
On April 2, Trump signed an govt order that carried out reciprocal tariffs on imports from numerous international locations. The bottom tariff charge was established at 10%, with greater charges utilized to 57 international locations primarily based on the US commerce deficit with every particular nation.
On April 9, Trump declared {that a} baseline tariff of 10% can be imposed for 90 days on over 75 international locations that had not retaliated and had requested negotiations, apart from China. Because the commerce struggle progressed, US tariffs on Chinese language items hit 145%, whereas China’s tariffs on American imports reached 125%.
%20061020.jpeg?rect=0%2C0%2C1280%2C672&w=1200&auto=format%2Ccompress&ogImage=true "Are Banks Open Or Closed Today On April 19?")
