USTariffs

German economic institute: Firms already feeling impact of US tariffs

Increased tariffs on imports into the United States have already had a negative impact on both the US and the German economies, Germany’s ifo economic research institute reported on Thursday. [..]

Bundesbank: German economy losing momentum, US tariffs weigh heavily

Germany’s central bank, the Bundesbank, has reported that the country’s economy lost momentum again in the second quarter, and warned that the imposition of US tariffs would have a further [..]

Germany’s Volkswagen hit by US tariffs, EU rules in first quarter

By Frank Johannsen, dpa and Stefan Heider, dpa-AFX. Volkswagen reported a drop in preliminary first-quarter profit on Wednesday, with operating earnings falling to €2.8 billion ($3.1 billion) from €4.6 billion [..]

Lithuanian Foreign Ministry sets up hotline for businesspeople

The Lithuanian Foreign Ministry has set up a hotline to answer questions from businesspeople in the wake of new US tariffs on many countries, including the European Union. The hope [..]

EU preparing retaliation against US tariffs

The European Union is preparing retaliatory measures after US President Donald Trump announced on Wednesday that the US would slap 25% tariffs on imports from the bloc, Lithuanian Foreign Minister [..]

German economy at serious risk from US tariffs, central bank warns

The German economy is seriously threatened by US President Donald Trump’s planned tariffs, the country’s central bank warned again on Monday. As an export-focused nation, Germany would suffer “considerable risks [..]