IfW in the News

German manufacturers fear fallout from US-China trade war


Dennis Snower says, if the USA and China impose tariffs, also Germany will be hurt

Excerpt from the article

(...) The fear is that the tariffs threatened by the US and Chinese governments, if imposed, will have a massively disruptive effect on the entire complex web of global value chains, harming other nations not directly involved in the trade war. “The German model depends on trade being as free as possible,” said Dennis Snower, head of the Kiel Institute for the World Economy. “If you hurt trade flows, then Germany will be hurt.”