Study: What a "Customs War" with the US Would Mean

The regional district of Cologne, to which Bonn also belongs, would suffer particularly from a customs war with the USA. Why this is so – and what a trade deal would mean for the region.

According to a study, a trade war with high tariffs between Europe and the US would put a particular strain on the German economy in some regions.

A customs war with the USA would hit Germany hard: cities such as Hamburg and Cologne would have to face billions of losses. A new study provides an overview of the extent to which individual regions are affected for the first time.

How does the customs conflict with the US continue? The situation is confusing. A study highlights what an escalation would mean.

A tariff war between Europe and the US would place a heavy burden on the German economy and trigger significant regional disruption. This is the conclusion of a study by economists led by Viennese economics professor Gabriel Felbermayr for the Foundation for Family Businesses, reported on by "Der Spiegel." The study analyzes various scenarios of the European-American trade conflict. An escalation of the dispute would reduce Germany's economic ou…

"Customs war" with the US would break German exports, says a new study. 43 percent fewer exports to the US are forecast. Strongest declines in production in the pharmaceutical sector are expected.