Ifo Institute: German Manufacturing Could Shrink by Up to 2.8 Percent Due to Trump Tariffs
June 24, 2025
June 24, 2025
MUNICH, Germany, June 24 -- ifo Institute issued the following news release:
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German Manufacturing Could Shrink by up to 2.8 Percent Due to Trump Tariffs
Simulations by the ifo Institute show that a further US tariff package would especially hit German manufacturing. Should Trump impose the reciprocal tariffs announced on April 2 (including tariffs of 50 percent on EU imports) and additional product-specific tariffs at the end of the tariff pause (July . . .
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German Manufacturing Could Shrink by up to 2.8 Percent Due to Trump Tariffs
Simulations by the ifo Institute show that a further US tariff package would especially hit German manufacturing. Should Trump impose the reciprocal tariffs announced on April 2 (including tariffs of 50 percent on EU imports) and additional product-specific tariffs at the end of the tariff pause (July . . .