Germany to Impose €22 Billion in Tariffs if US Trade Talks Fail

In response to escalating tensions between the US and EU, German Finance Minister Jörg Kukies announced preparations for retaliatory tariffs worth €22 billion. These measures are intended as a countermeasure to ongoing trade disputes impacting various sectors. 🇪🇺🇺🇸 The potential impact of these tariffs on German exports to the US is substantial: estimated to reach a 15% decrease if talks fail, and could significantly impact the country’s economic stability. The EU’s proposed tariffs aim to target sectors crucial to American exports and address the trade imbalances.