Customs break USA-China: Germany’s economy breaks up
The only power that US President Donald Trump fears, is that of the stock exchanges. His aggressive protection of protection had the courses in early April Rush down worldwide let. The American corporations were shocked. Shortly afterwards, Trump bent and announced a customs break for 90 days. She expressly did not apply to China, the great rivals of the Americans for power on the world. Both sides had covered punitive tariffs.
Now the surprising communication of the rival powers: The struggle for the economic influence of the two largest economies on earth is also put on ice for three monthsthe tariffs largely overridden. The starting point is May 14th. In the meantime, a trade agreement is to be developed. The important exchanges of the world then attracted that the German leading index Dax scratched the 24,000 points mark on Monday and thus reached a new all -time high.
Puneral tariffs between the USA and China: German economy creates hope
The German economy, which focused strongly on export, reacted with relief to the approach between Washington and Beijing, which was achieved during negotiations in Geneva. “The announced customs break between the USA And China leaves all of us to bring us to air, ”said the President of the Federal Association of Wholesale, Foreign Trade, Services (BGA), Dirk Jandura, our editorial team.“ Our two largest trading partners are obviously in a constructive dialogue, that’s a good sign. ”
He relies that Trump is willing to come to a real trade contract with the Europeans. Because the customs break started here at the beginning of April, there is time until July. « The EU and the USA must find an agreement before the end of our customs break, » said Jandura.
The Economists of Commerzbank Tipped water into the wine of general relief. They do not consider a success of the conversations between the United States and the Middle Kingdom, « especially because the US government wants to make foreign trade between the two countries more balanced, which does not coincide with the Chinese interests ». President Trump is bothered by the flood of goods from China, which flows on the US market and led to the fact that America has lost millions of industrial jobs. According to her assessment, the break in the trade conflict will probably prevent the US economy from slipping into the downturn.
Norbert Röttgen sees China in front
The CDU foreign politician Norbert Röttgen regarded the appointment as a success of China. « Trump is the inferior. The trade was not in favor of America, » said Röttgen of our editorial team on the sidelines of the German-American conference of the Atlantikbrücke association in Berlin.
Although the two major powers approach each other, the Commerzbank experts do not expect that the tariffs will go back to the stand before Trump’s second term. It is more and more disgusted that the United States regarded a dial on imports of ten percent than lower limits. « Compared to the effective customs rate valid until the beginning of the year, this would almost still be a quadruple, with the corresponding effects on trade streams, inflation and investment decisions, » says its analysis.
The former US ambassador to Germany, John B. Emerson, warned against being happy in terms of trade policy. « Donald Trump has been talking about the reorganization of the global economy through tariffs for 40 years, » he said at the Atlantic Bridge.
