U.S. Tariffs Raise Concerns for German Machinery Exports

New U.S. tariffs on German machinery exports are raising alarm bells, with over 50% of products facing increased duties and potentially impacting various industries. The VDMA, a major industry association, warns that the new tariffs could disrupt the market, increase costs for manufacturers, and lead to price hikes in the US. These changes threaten economic stability for German exporters, particularly those relying on steel and aluminum components for their exports.