Kiel Institute in the News

Global trade 2019: Fasten your seat belts!


Rolf Langhammer is skeptical that 2019 will be a better year for global trade.

Excerpt from the Article

(...) This is a nasty prospect particularly for German carmakers such as Mercedes, BMW and Volkswagen, which in December tried to talk Donald Trump out of higher tariffs during a meeting at the White House. Come 2019, we'll know whether the bosses of the carmakers were successful in swaying Trump's opinion. Rolf Langhammer thinks higher US tariffs on vehicles "are unlikely." "Otherwise, his talk with the German carmakers would not have come about at all," he believes. "Trump is playing clever games; he's issuing terrible threats only to show his willingness to scrap them in personal conversations."

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