Donald Trump's return to the political spotlight signals a renewed focus on protectionism, threatening global trade dynamics. Announcing tariffs of 25% on imports from Mexico and Canada, and 10% on Chinese goods, Trump aims to address issues like immigration and the opioid crisis. This move raises concerns for the EU and Germany, with potential impacts on their export-driven economies.
German economic experts express unease, noting the country is ill-prepared for Trump's trade policies. The KfW has already lowered its growth forecast for Germany, anticipating challenges in exports. Despite initial resilience, German industries face uncertainty as they await the full extent of Trump's policies.
The EU may need to diversify trade relations, possibly strengthening ties with South American countries. Meanwhile, Mexico and Canada, heavily reliant on US trade, scramble to mitigate potential economic fallout. As Trump's policies unfold, global markets brace for potential disruptions, highlighting the precarious balance between national interests and international cooperation.
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