https://www.americanthinker.com/blog/2025/02/the_german_central_bank_agrees_with_president_trump.html
In trade relations between Germany and the U.S., the European nation has clearly been on the winning side of unfair policies, and now the president of the nation’s central bank says Germany would “suffer” if President Trump were to implement the same tariffs that they have on us. From Reuters, via Yahoo News:
Trump’s tariff plans put Germany’s growth at particular risk, Bundesbank warns
Germany is particularly vulnerable to US trade tariffs, which could curb growth for years to come and hold back an economy already suffering through two straight years of contraction, Bundesbank President Joachim Nagel said on Monday.
Germany, Europe’s largest economy, has been in a deep industrial recession, due in great part to subsidised Chinese output crowding out German products at a time when soaring energy costs at home are already weighing on competitiveness.
Modelling projections based on tariff threats from U.S. President Donald Trump, the Bundesbank concluded that Germany would suffer but the U.S. would also take a hit that would more than offset any positive impact of the trade barriers.
Germany clearly has lots of problems not associated with America. China dumps its products there, and its own “green” policies are hammering citizens with high energy prices.
According to Google AI, Germany’s tariffs on American cars is 10%, plus they have a 19% value added tax. Meanwhile America only has a 2.5% tariff on German cars. That doesn’t sound fair, does it? And after all, all these European progressives are “fairness,” right?
Why should America subsidize Germany’s economy to the tune of $65 billion per year? From the same Reuters item:
The German trade surplus with the United States is heading towards a record level just before U.S. President-elect Donald Trump arrives at the White House, an analysis of statistics office data showed.