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US tariffs on tour: German economy on the verge of collapse?
US President Trump is introducing 15% tariffs on EU imports, putting pressure on Germany's economy. Trade forecasts uncertain.
US tariffs on tour: German economy on the verge of collapse?
On August 7, 2025, US President Donald Trump imposed tariffs of 15 percent on imports from Europe, which, according to the Mercury can be described as a real “killer for business”. The President of the Federal Association of Wholesale, Foreign Trade and Services, Dirk Jandura, expresses concern about the impact of these tariffs on the German economy. These tariffs could not easily be offset by traders because their margins are in most cases insufficient.
Helena Melnikov, Managing Director of the German Chamber of Commerce and Industry, warns of the growing pressure on companies. The uncertainty caused by tariffs leads to higher costs and creates a tense market situation. Despite these challenges, German exports overall increased by 0.8 percent to 130.5 billion euros, which is at least positive news. Exports to the USA, on the other hand, suffered a decline of 2.1 percent, which is the third decline in a row.
Reorientation and hope for negotiations
Although business with the USA is slowing, Jandura sees a reorientation of German exports towards EU countries, which increased by 2.4 percent, and towards China, where an increase of 1.1 percent was recorded. Despite these positive developments, uncertainty caused by tariffs remains a major problem. Jandura therefore wants the EU to take a hard line in future negotiations with the Trump administration, as the details for a possible political agreement are still pending.
The uncertainties surrounding US customs policy are not only reflected in trade relations with Germany, but also have an impact on the financial markets and the general economic situation. How on Statista As can be read, Trump's tariff policy has already led to the GDP forecast for 2025 being reduced to zero growth. Concerns about rising prices and restricted trade are not only putting a strain on the German economy, but are also putting American companies under pressure.
- Die wichtigsten Exportgüter Deutschlands in die USA sind vor allem Autos und Autoteile, die von den neuen Zöllen betroffen sind.
- Ein möglicher Zollsatz von 25 Prozent könnte die deutschen Exporte in die USA laut IfW Kiel um fast 43 Prozent abwürgen.
- Der Handelsüberschuss Deutschlands mit den USA ist zwar gegeben, jedoch beklagt Trump ständig ein Handelsdefizit, das im Jahr 2024 bei 69,8 Milliarden Euro lag.
Overall, the future of German exports to the USA and the impact of US tariff policy on the overall economy remain unclear Mirror determines. It remains to be seen how the negotiations will develop and whether there is a way to stabilize trade relations.