US tariffs affect German exports but industry shows resilience

US tariffs affect German exports but industry shows resilience
Banking & Financial Services
Webp 9
Stefan Wintels, Executive Board member | KfW Group

US President Trump's decision to raise tariffs on exports from the EU and other economies has had a notable impact. However, recent economic data indicate that the effect on German industry remains moderate. While there has been a decline in exports to the US, protectionist measures have not yet reversed the positive trend in sentiment indicators.