Trump’s Tariffs Pose a New Threat for Germany’s Stagnant Economy
Mr. Jandura also urged Germany’s export-dependent industries to rethink their business model. “This is also a wake-up call for us: We have to become more competitive ourselves,” Mr. Jandura said.
But German officials warned that the trade war would ultimately hurt Americans more than the targets of the tariffs. “For consumers in the U.S., the day will not be Liberation Day, but Inflation Day,” Robert Habeck, Germany’s economy minister, told reporters.
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Originally posted on: https://www.nytimes.com/2025/04/03/business/economy/germany-trump-tariffs-economy.html