German Companies Eye US Election with Trepidation

The upcoming US election has generated significant concern among German companies, particularly regarding trade relations with the United States. Many businesses, especially those heavily reliant on exports, fear the potential implications of a Trump victory. A survey of Bavarian firms reveals that 70% worry about increased tariffs, and 68% are apprehensive about possible US sanctions under Trump’s leadership.

Simone Menne, President of the American Chamber of Commerce Germany, warns of renewed trade difficulties and punitive tariffs if Trump is re-elected. While Trump is seen as a dealmaker, his transactional approach and harsh rhetoric pose risks to international trade and security.

The election outcome is critical, not only for economic reasons but also for broader geopolitical implications. The future of US foreign policy, particularly towards China and Russia, remains uncertain. Regardless of whether Trump or Harris wins, the polarization within American politics is expected to persist.

German companies are preparing for volatile months ahead, with geopolitical tensions and the US election outcome significantly impacting their strategies and operations. The stakes are high, as both the future of international trade and global security hang in the balance.