Trump's tariff war intensifies, Germany faces dual打击to economy and jobs
< p > Research Institution: Trump's Tariff War Hits Germany < / p >< p > A new model simulation released by a German economic research institution shows that Trump's tariff policy may directly or indirectly lead to the loss of tens of thousands of jobs in Germany and significantly suppress economic growth. < / p >< p > The report released on April 11 by the IAB Institute under the Federal Employment Agency (BA), the Federal Institute for Vocational Education, and the Association for Economic Structure Research pointed out: "The industrial sector will be hit hard by the transformation crisis combined with the trade crisis." Weber of the IAB Institute told Reuters that Europe should adopt an "active defense strategy" to promote free trade with other regions of the world. < / p >< p > Weber said that the negative impact faced by Germany is mainly based on direct export losses, the slowdown of the global economy, and the resulting reduction in investment and consumer demand. He said: "One year after the implementation of the tariffs, Germany's gross domestic product (GDP) will fall by 1.2% compared to the scenario without new tariffs." At the same time, the number of people employed in Germany will also decrease by 90,000. < / p >< p > According to the IAB research report, Germany can partially offset the export losses caused by U.S. tariffs by increasing exports to other countries, but "this requires considerable effort." Weber emphasized: "New business areas must be opened up, new markets developed, and domestic value chain transformation established." < / p >< p > Meanwhile, as the tariff conflict between the United States and China continues to escalate, the risk of Germany's economy being affected increases. Simulation data from the Cologne Institute of the German Economy (IW), which has close ties with employers, show that during the period from 2025 to 2028, Germany's average GDP will decrease by 1.1% compared to the scenario without new tariffs. This simulated scenario already incorporates factors related to China's recent countermeasures. On Friday, China announced it would impose a 125% tariff on U.S. products. Prior to this, the United States had raised the tariff rate on Chinese goods to 145%. < / p >< p > Kerlief-Schaefer, a trade expert at the German Economics Institute, said: "We cannot afford to be complacent just because there is a temporary suspension of tariffs between the U.S. and Europe. The conflict between the U.S. and China continues, and this will have a tangible impact on the EU." < / p >< p > She warned that the trade conflict between China and the United States is not just a bilateral issue but a global risk. Various uncertainties in the world are increasing, and there is currently no sign of an end to the trade war. < / p >< p > Source: DW compiled reports from Reuters and other media outlets < / p >< p >< img src = "//p3-sign.toutiaoimg.com/tos-cn-i-ezhpy3drpa/69b3b7e4bc704ed2b91a642f9cdec441~tplv-obj:1200:525.image?_iz=97245&bid=15&from=post&gid=1829279431682059&lk3s=06827d14&x-expires=1752278400&x-signature=oqGGJhHlnyDdbDuBj4GKvtfJkkk%3D" / >< img src = "//p3-sign.toutiaoimg.com/tos-cn-i-ezhpy3drpa/ac6c74797031410084fdab8c90e753b7~tplv-obj:1110:624.image?_iz=97245&bid=15&from=post&gid=1829279431682059&lk3s=06827d14&x-expires=1752278400&x-signature=jkoXBCzm9IqNcgNBbL8yV8AiSGM%3D" / >< img src = "//p3-sign.toutiaoimg.com/tos-cn-i-ezhpy3drpa/5ba77e8fddcd460fa3c2113f408dd3a1~tplv-obj:1110:624.image?_iz=97245&bid=15&from=post&gid=1829279431682059&lk3s=06827d14&x-expires=1752278400&x-signature=0%2BkzEcB8ILA2GHtNJ3e7NPtAUhc%3D" / >< / p >< p > Original Article: https://www.toutiao.com/article/1829279431682059/ < / p >< p > Statement: This article represents the views of the author alone. < / p >
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