“ Nearly 60% of German companies expect the European Union’s trade deal with the United States to create more burdens for them through higher tariffs and more bureaucracy, a survey said on Wednesday.
That number rises to 74% for companies with a direct U.S. business, according to a flash survey by the German Chamber of Commerce and Industry (DIHK) of around 3,500 firms.
In contrast, 37% do not foresee any effect, while only 5% expect economic relief as a result of the deal that will provide for 15% tariffs on most EU goods starting Thursday.
“This agreement may have been politically necessary, but for many companies in Germany, it is still a bitter pill to swallow,” said DIHK chief executive Helena Melnikov.
Even more problematic is lingering uncertainty on whether the agreement will hold, said Melnikov, urging the EU Commission to push for improvements in further talks with the U.S.
Some 80% of companies with direct U.S. business said their main concern is new tariffs coming into play, with nine out of 10 already seeing negative effects of the current policy.
Almost two-thirds of German companies are turning their attention to new markets as a result, with the European single market in particular seen as stable and predictable.” – WMBD
Any-Original-6113 on
Apparently, there will be 100% of them if Trump follows through on his threat and increases the tariff to 35%.
mrCloggy on
> …with nine out of 10 already seeing negative effects of the current policy.
Translated:
Nine out of ten US customers are sending “Thank you for making my usual products too expensive so my sales are going down.” cards to His Orangeness in Mar-a-Loco.
Atitkos on
I don’t buy many things made in the US, so I don’t feel it will be too much of a burden for me personally.
Toolatethehero3 on
That’s what happens when you have zero hard power and every military product you buy is American opening you up for blackmail and coercion. European military power is a joke.
Any_Coldd on
We need to tell them to go to hell as soon as possible.
We need to eliminate our reliance on them across all levels personal, corporate, and bureaucratic.
6 commenti
“ Nearly 60% of German companies expect the European Union’s trade deal with the United States to create more burdens for them through higher tariffs and more bureaucracy, a survey said on Wednesday.
That number rises to 74% for companies with a direct U.S. business, according to a flash survey by the German Chamber of Commerce and Industry (DIHK) of around 3,500 firms.
In contrast, 37% do not foresee any effect, while only 5% expect economic relief as a result of the deal that will provide for 15% tariffs on most EU goods starting Thursday.
“This agreement may have been politically necessary, but for many companies in Germany, it is still a bitter pill to swallow,” said DIHK chief executive Helena Melnikov.
Even more problematic is lingering uncertainty on whether the agreement will hold, said Melnikov, urging the EU Commission to push for improvements in further talks with the U.S.
Some 80% of companies with direct U.S. business said their main concern is new tariffs coming into play, with nine out of 10 already seeing negative effects of the current policy.
Almost two-thirds of German companies are turning their attention to new markets as a result, with the European single market in particular seen as stable and predictable.” – WMBD
Apparently, there will be 100% of them if Trump follows through on his threat and increases the tariff to 35%.
> …with nine out of 10 already seeing negative effects of the current policy.
Translated:
Nine out of ten US customers are sending “Thank you for making my usual products too expensive so my sales are going down.” cards to His Orangeness in Mar-a-Loco.
I don’t buy many things made in the US, so I don’t feel it will be too much of a burden for me personally.
That’s what happens when you have zero hard power and every military product you buy is American opening you up for blackmail and coercion. European military power is a joke.
We need to tell them to go to hell as soon as possible.
We need to eliminate our reliance on them across all levels personal, corporate, and bureaucratic.