US tariffs: growing concern among associ • Table.Briefings

Elektroautos warten am Kai des Taicang Port International Container Terminal in Suzhou auf die Verladung zum Export — Electric cars waiting to be loaded for export at the quay of the Taicang Port International Container Terminal in Suzhou.

Following the US announcement to significantly increase tariffs on Chinese imports, German politicians and business representatives are warning the EU against imitating such measures. They argue that this would harm all sides involved.

Dirk Jandura, President of the German Association of Wholesale, Foreign Trade, Services (BGA), cautions against protectionist steps by the EU in response to the US’s announced tariff hikes on many Chinese products. „Market participants, consumers, and companies alike would be the losers,“ he told the newspapers of the Redaktionsnetzwerk Deutschland (RND). „In the end, everything will become more expensive.“

US tariffs: growing concern among associations about a trade war

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