Trump's tariffs threaten 300,000 jobs in Germany

15:20 - 15.01.2025


January 15, Fineko/abc.az. Trump-announced duties put up to 300,000 jobs in Germany at risk, ABC.AZ reports with reference to the Institute of Macroeconomics & Economic Research.

This figure is applicable in the event that Trump follows through on his threat with tariffs of 10 to 20%, and other countries respond with counter tariffs. According to this, 1.2 million jobs in Germany depend on exports to the U.S. This is 10% of all jobs that directly or indirectly depend on exports.