Germany could be the surprise victim of Trump's trade war
Thomson Reuters
- Trade tensions between the US and China increase again as Trump proposes tariffs on $100 billion extra of goods.
- A trade war would hit the USA and China, but German firms are worried.
- BMW and Mercedes' parent company is the biggest exporter of cars from the USA, and would be badly hit by a Chinese import tax on American cars.
LONDON — The escalating battle between the USA and China has German industry is worried that it could get caught in the crossfire, and suffer serious collateral damage.
Global trade tensions increased once again late on Thursday as President Trump mooted the idea of tariffs on $100 billion more of goods, just days after announcing the list of products that will be subject to initial tariffs.
See the rest of the story at Business Insider
See Also:
- Global markets bounce back as concern over Trump's trade war eases
- This chart shows the countries most at risk from a US trade war with China
- Dow futures dive almost 500 points as China plans tariffs on more than 100 US products
SEE ALSO: This chart shows the countries most at risk from a US trade war with China
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