Berlin pays the price for the trade dispute: Exports to America and China decline at alarming rates

Berlin pays the price for the trade dispute: Exports to America and China decline at alarming rates

60% of Germany's exports are under threat: The automotive and machinery sectors are in direct confrontation with Washington's policies.  The German "Ifo" Institute for Economic Research painted a bleak picture of the future of the German economy under the continued hardline tariff policies of US President Donald Trump. Lisandra Flach, head of the Ifo Center for Foreign Economics, warned that Germany is currently receiving "three simultaneous blows" that are striking at the heart of its industry. The tariffs have caused a contraction in direct exports to the United States, indirectly led to a decline in Chinese demand for German goods, and diverted surplus Chinese goods to the European market, intensifying competition for domestic products. The institute's simulations indicate that this isolationist trend will permanently reduce German economic performance by approximately 0.13%, a figure Flach described as "significant" given Germany's years…