US tariffs threaten 90,000 jobs: Germany before the crisis!

US tariffs threaten 90,000 jobs: Germany before the crisis!

Deutschland - The trade conflicts between the USA and the EU accept new dimensions. The United States is planning high tariffs on European products, which endangers thousands of jobs in Germany. This reports fr.de . German industry could be particularly affected, in particular the automotive industry and its suppliers.

Andrea Nahles, the CEO of the Federal Employment Agency, urges the possible consequences. She warns that US tariffs Germany could cost around 90,000 jobs within one year. This assessment is based on a comprehensive study by the Institute for Labor Market and Vocational Research, which examines the effects of a duty rate of 25 percent. According to Nahles, the "Erratical Trade Policy of the USA" significantly burdens the German labor market.

economic challenges

The German economy moves on shaky legs. The decline in gross domestic product (GDP) has already been determined several times. In 2024, GDP fell by 0.2 percent compared to the previous year, which represents the second decline in a row. This could lead Germany into stagnation at the end of 2025, as several forecasts show, including the assessments of the RWI and the IFO Institute, all of which predict weaker economic development. Statista emphasizes that Germany as an export -oriented economy is particularly affected by global economic fluctuations.

"The uncertainties caused by customs policy difficult," explains Nahles. This hinders companies to invest and hire or train new employees. Above all, the planned increases in tariffs to imports from the EU that are temporarily exposed could unsettle many companies in their planning.

Currently the customs set on steel and aluminum products is 50 percent, tariffs on cars are 25 percent. President Donald Trump had imposed tariffs of 10 percent on almost all imports in early April, with a possible increase to 20 percent for other products in July. This situation not only complicates the planning for the companies, but also significantly burdens the overall economic situation in Germany.

positive signals and measures of the federal government

Despite these economic challenges, there are also positive signs. In May, job registrations exceeded the dismissal announcements, which is a glimmer of hope for the labor market. The laborbarometer has also increased for the second time in a row. Tagesschau reports that the Federal Government is planning an immediate program with tax reliefs and depreciation, which is to be presented in the Federal Council before the summer.