US EditionUS tariff policy could cost Germany 90,000 jobs within a year, says labour office chief
- The leader of Germany's Federal Employment Agency cautioned on Friday that unemployment in the country approached 3 million last month, marking a significant increase.
- She cited research from the Institute for Employment Research showing that a 25% U.S. Tariff rate could threaten up to 90,000 German jobs within a year.
- Nahles described U.S. trade policy as unpredictable, causing companies to delay investment, hiring, and training amid ongoing economic stagnation.
- She said, “The lack of predictability is doing us massive damage,” and noted that tariffs may push Germany into a third consecutive recession year.
- These developments increase challenges for Chancellor Friedrich Merz, who has committed to ending Germany’s two-year economic downturn amid deteriorating labor market conditions.
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The US wants to impose high tariffs on EU products, which can cost thousands of jobs. Andrea Nahles gives a warning.
According to the Federal Employment Agency, US President Trump's customs policy has consequences for the German labour market. BA boss Nahles told the Süddeutsche Zeitung that she expects customs duties to lose 90,000 jobs within one year.
·Germany
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According to the German employment agency, US customs policy can cost around 90,000 jobs within one year, said agency boss Andrea Nahles of the Süddeutsche Zeitung.
·Hamburg, Germany
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Total News Sources22
Leaning Left2Leaning Right1Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 20%
C 70%
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