Germany slams Trump tariffs as 'attack' on international trade order
9/4/2025 00:07am
Germany's reaction to Trump's tariffs can be summarized as follows:
1. **Strong Opposition**: Germany, along with France, has firmly opposed Trump's digital taxes and regulations, emphasizing the commitment to maintaining European digital regulations despite potential U.S. trade measures.
2. **Chemicals Sector Impact**: The chemicals sector in Germany, including major players like BASF, Brenntag, and Lanxess, is significantly affected by the U.S. import tariffs. These tariffs have disrupted global trade and caused companies to adjust their outlooks and strategies.
3. **Economic Concerns**: The German chemicals sector has been operating at low capacity due to the tariffs, with some companies facing significant pressure on their operations and profitability. The tariffs have also led to delays in customer orders and increased uncertainty in the global economy.
4. **Legal Challenges**: The U.S. Supreme Court is being asked for a quick ruling to overturn a lower court’s decision that many of Trump’s tariffs were imposed illegally. If the court rules against Trump, it could have significant implications for the tariffs and the broader trade landscape.
In conclusion, Germany is strongly opposed to Trump's tariffs, which are having a significant impact on its key industries, particularly the chemicals sector. The country is also concerned about the broader implications of these tariffs for international trade and the global economy.