Far-reaching tariffs announced by the U.S. administration will deal a major blow to the German industry, a major exporter to the world’s top economy, leading sector representatives said.
“To be very honest with you: we will feel it,” Dirk Jandura, president of Germany’s BGA association representing importers and exporters. “We will have to translate the tariffs into price increases, and in many cases that means a drop in sales.”
The
