German Businesses Warn US Trade Policy Is Already Hitting Hard
3 Articles
3 Articles
DIHK Trade Manager Treier: "If the uncertainty surrounding US customs policy continues, German industry is threatened with monthly export losses of up to one billion euros."
German businesses warn US trade policy is already hitting hard
The German Chamber of Industry and Commerce (DIHK) is warning that the tightened US trade policy is already having an adverse impact on the German economy, reported dpa. "The burdens are likely to become even more severe in the coming weeks," DIHK foreign trade chief Volker Treier told dpa in Berlin on Friday. Treier said the slump in exports to the US since the announcement of new US tariffs at the beginning of April was a clear warning signal.…
Customs (generally, not customs software), European, foreign and domestic policy: (dpa) According to DIHK, the intensified US customs policy is already putting a significant strain on the German economy and could cause export losses of up to one billion euros per month. Sectors such as automotive, mechanical engineering and metal processing are particularly affected if no agreement is reached in the customs dispute by August.
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