Media in German about Tramp Customs: Trading War begins – The World

The German export industry in Tramp’s global customs offensive see the beginning of the Trade War. It is committed to the unique response of the EU and strengthening new free trade agreements. The Federal Helensing Association, Foreign Trade and Services (BGA) warns serious consequences for world trade due to the Tramps of Customs Offensive and seeks a unique response from the European Union.

« This is a frontal attack on world trade for more than 100 trading partners, the American president throws the world in the open trade war with American Bregzit, » said Dirk Jandura, the President of the DPA German newspaper. « I expect that the conflict will significantly affect our economic growth, » Jandura fears.

According to his EU’s opinion, it must now respond to clear countermeases. « We can only do that together. Our goal must be a quick ending of this trade war, but we must also show that Europe is not blackmail, » Jandura continues. « We should be coordinated with other affected countries. The new free trade agreements will reduce the US addiction. »

The German export oriented economy delivered 2024. year abroad goods worth 1,559.7 billion euros – which is one percent less than the previous year. BGA, after the announcement of American special duties on cars, announced lowering its anyway negative forecast for German exports.

Endangered jobs

And in the Tabloid Bild, a worrying forecast on the consequences for the global economy was published. The paper quotes Hildegard Miller, the president of the German car industry association (VDA), which considers that negative consequences are inevitable. « It will also affect jobs, » Miller told Bild.

The IW Economic Institute from Cologne calculated what the consequences of the customs would be if the EU would return countermeases. According to them, the economy could fall up to 0.4 percent per year, which would mean a loss of 25 billion euros.

Economist Jirgen Mates from IW Cologne states: « At the end of the Donald Tramp, 150,000 jobs could disappear. »

I An expert on the capital of Robert Halver from Bader-Bank in a statement for this German medium forecasts serious consequences for Europe and Germany: « This is a trademark. The export industries will face great difficulty, jobs will be lost. »

It is clear: If the EU rejects countermeases to American products, American goods will rise. Oil prices, gas, whiskey and motorcycles could jump up to 20 percent. But the economic effects of American customs themselves could cause the wave of price increase.

A representative of the Credit Rating Mudis in the statement for Bild notes that US customs of 20 percent on European products could reduce company profit such as Folksvagen and 25 percent! In this context, Klemens Fuest warns: « Cars are the most important German export product. It is already a huge blow for the German economy. » If the crisis lasts, prices could continue to grow.

« Germany and Europe need to respond to Customs Tramps »

What is responsible for US customs concerns, Berlin list Velt quotes Prime Minister of Hesse, Boris Rhine (CDU). He criticizes the tramps of Customs calling them « Orgy Loads for the Economy ».

« Customs in the end always cost the prosperity, » Rhe said. « Europe and Germany must provide a sovereign response to drastic customs duties of President Tramp. » The Rhin called for an alternative alliance with other trade blocks and strengthening a competitive environment. It is committed to free trade agreements with regions such as South America, Africa and India, and proposes progressive profit tax reform, as well as billions of euros worth the investment packages for the economy.

And Munich Zidojce Cajtung tries to expand the picture. « It is certain that the American president wants to achieve more political goals with his customs. His plan is to return industrial jobs in the United States, but also to achieve » billions « revenues to reduce the budget deficit. However, it must take into account in the interior political consequences of its customs policy. Many of his supporters support its economic agenda, although they will personally feel the consequences of price growth. But their support could weaken if the US is Western in recession or if the American industry does not experience the expected flourishing, « says Zidojče Cajtung.

Tramp, Customs and Currencies

To a special aspect of trade ran, which indicates the leaf rates between the United States and Europe, the euro becomes cheaper disappear. The problem is certainly not simply accepting that the exchange rate lists is prevented by implementing his trade policy.

Stephen Miran, Trampware advisor, compiled a detailed plan called « Mar-A-Lago-Accord », predicts drastic devaluation of dollars. China will not idle to watch the United States and Europe begin a race for a more favorable currency. The winner in the currency war will be the one who does not participate in it at all. Europe must work on its basic competitiveness, to conclude new trade agreements and to prove the anchor of stability in an insecure world, « is considered a commentator list.

Customs tramps affect even uninhabited islands

But despite all concerned voices, in German media, there are also mock comments. Thus the Bild in one review draws attention to some bizarlipities of tramping, the US currently currently charges at the US. Bizarre consequence: Even Hers and McDonal’s islands will have to pay import duties – although they do not export ama Nothing! Reason live only penguins, sofa and birds. The human population is the external natural area, a protected natural area of ​​the world’s seven world nests of the Royal Penguin « , writes Bild.