That comes to German carmakers
Facts, facts, facts and no reaction Trump. Numbers that the German President of the VDA automotive industry association, Hildegard Müller, banned undressed, seem to be stored on the US Zampano such as drops of a spring rain. The lobbyist calculates the politician that German car manufacturers and suppliers employ more than 140,000 people in the USA And produced over 900,000 vehicles a year – both for the American market and for export.
These are just two facts that would have to be satisfied with a US president. Not so Trump, even if he should have heard despite all the crowds of crowding -out BMW Around 11,000 people work in his US plant in Spartanburg, while Mercedes has built around four million cars in the American car factory in Tuscaloosa since 1997 and most recently employed around 6,000 employees. Volkswagen Again in the USA is represented with a manufacturing in Chattanooga and lists around 5,500 people on the salary lists there.
German carmakers are a bit American
The German carmakers are a bit American, although their cars are very popular among the Americans despite all the abuse of Trump: According to calculations by the Federal Statistical Office, people in no other country treated themselves to as many new cars from Germany as US citizens. The US President could be calm if he had all the facts. But the German carmakers get upset. In this context, Trump considers America almost like a child as a large piggy bank from which every stolen man uses.
Anyone who thinks the bizarre SPSwein picture can come to the end, at the end, domestic car producers such as the Volkswagen Group, Mercedes and BMW committed theft of America and would make a significant contribution to trading weight weights between the United States and Germany. According to the Trump-based philosophy, German vehicle producers are punished, even if US consumers often prefer their cars to the domestic mobile orders, especially because of German quality.
The US President ignores laws of the market economy and relies on the Trump economy, which is based on the principles of market-breaking tariffs and threats. As in the prospect, he announced a 25 percent surcharge for all auto imports to the USA-from small cars to light commercial vehicles. The additional tariffs are to be collected from April 3 if the EU leadership should not manage a deal with Trump. Representative of the European Union Leaved on Thursday to take counter-measures with « maximum effect », but they did not let themselves be looked at the cards, so they did not give any details.
The trade war, which is given by the USA, is picking up speed
German carmakers are now reluctant to comment for the time being. For example, the trade war, which is given by the USA, is picking up the EU, with the Europeans Trump delivered a steep template: after all, the EU has so far demanded ten percent on imports of US cars, while the conversely are only 2.5 percent for normal vehicles. America now wants to overtake Europe at full throttle at the tariffs.
What are the consequences for the German economy? Our editorial team spoke to leading economists. So IFO President Clemens Fuest is convinced: « The tariffs meet the most important export goods in Germany by car. » In itself, this is a great burden on the German economy. The economist warns: « Additional dangers threaten if there is now an escalation of the trade war. » Fuest of the EU tip around Commission President Ursula von der Leyen advises to seek the conversation with the USA in order to move the US government to withdraw tariffs. The IFO boss believes: « But without a certain counter pressure it will not work. » Therefore, the EU must be credible with countermeasures.
DIW President Fratzscher gives the all-clear for Germany
But where should Brussels start? Fuest has an idea: « This could be, for example, the announcement of a digital tax that would make US companies hard. » The question arises as to how negative the auto tariffs affect the German economy already presented. Marcel Fratzscher, President of the German Institute for Economic Research (DIW), gives the all-clear: « The US tariffs on cars should only have a limited effect on the German economy as a whole, since they should only slightly reduce the exports of German cars. »
Accordingly, Trump Germany would not harm Germany to how he dreams of it. Gabriel Felbermayr, director of the Austrian Institute for Economic Research, calculated the Trump-Zoll effect for our editorial team: According to this, the 0.2 percent of German gross domestic product could cost. The Austrian economist also gives at least partial all-clear: « In the first Trump administration, the damage would have been higher. » Because in the meantime the German auto industry is prepared. From Felbermayr’s perspective, this does not apply to countries such as Mexico and Canada, which are also affected by the US tariffs: « You will suffer, with overall economic production declines between 0.6 and 1.8 percent. »
Trump’s customs club will strike back to America. Felbermayr expects a short -term inflation thrust of about one percentage point for the country. The economist makes a proposal to those responsible for the EU: they should come together with other attacked countries such as Mexico, Canada, Japan and South Korea. Because these states import a few cars from the USA, but all the more digital services. Felbermayr assures: « In the area you can meet the USA most sensitive. »
Expert Heinemann: Trump does not achieve the goal of flowering landscapes
Professor Friedrich Heinemann, expert at the ZEW Leibniz Center for European Economic Research in Mannheim, sees the US President with his customs policy on Losser-Straße: « Trump will not achieve his goal of the flowering landscapes with this policy. » According to the economist, the prices for cars are likely to fall in Europe because the oversupply in this country is increasing. Heinemann recommends from the Leyen: « Brussels is well advised to react more with needles than with a broad escalation. » So rather piss on it than hit the club.
