Particle.news
Download on the App Store
5 ARTICLES
·
37m ago

German Firms Plan to Scale Back U.S. Trade After EU–U.S. Tariff Deal, DIHK Finds

A survey of 3,500 companies shows a majority view the agreement as too burdensome.

Image
Die deutschen Maschinen- und Anlagenbauer haben die Zollvereinbarung der EU mit den USA kritisiert und vor deren Folgen für den Sektor gewarnt. Das wesentliche Problem sind demnach die US-Zölle auf Stahl und Aluminium.

Overview

  • Fifty-four percent of German companies with U.S. business expect to conduct less trade with the United States following the compromise.
  • Fifty-five percent of surveyed firms judge the deal as an excessive burden on Europe and favor a tougher stance in further talks.
  • Thirty-one percent of firms plan to change how they handle U.S. tariff costs, with 62 percent of those intending to pass costs to customers and 15 percent absorbing them in margins.
  • Investment plans are being adjusted, as 17 percent will postpone projects in the United States and 9 percent plan to invest less there.
  • The July agreement set a 15 percent U.S. tariff on most European products while lifting tariffs on U.S. industrial goods, prompting DIHK calls for rapid cuts in auto and metal tariffs, a safeguard against future U.S. hikes, and readiness for EU countermeasures.