Trump presidency may harm Germany's economic growth amid trade war fears

Quick Summary:

The negative effects on EU GDP increase from 2025 to 2028, while the effects on US GDP are stronger in the first two years, with a GDP decline of 1.

The US overtook China as Germany's biggest trading partner this year, after eight straight years of China being at number one.

Trump presidency may harm Germany's economic growth amid trade war fearsThe negative effects on EU GDP increase from 2025 to 2028, while the effects on US GDP are stronger in the first two years, with a GDP decline of 1.

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Article Details

Category: BusinessFinance

Markets: IndiaChinaGermanyNorth KoreaTurkeyUkraineUnited States

Topics: Tariffs Trade war EU Exports Global trade Economy Trump Industrial sector

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 12:36:22 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 820 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23220998

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 216 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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Publisher ID: #49

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