US EditionTrade Conflict Resolved - German Economy Reacts Reluctantly to Appallingly to Eu Customs Agreement with the Usa
4 Articles
4 Articles
The agreement in the customs dispute between the EU and the US is met with different reactions in the German economy. They range from "failure to worse" to "fatal signal". The economist Jens Südekum said in Deutschlandfunk that he sees "no reason to cheer". Federal Chancellor Merz called the tariffs a considerable burden.
The agreement on European stock exchanges brought a jump in the prices of European technology companies and a new slide in automakers.
The economist Reint Gropp sees no good news for the economy in East Germany in the customs deal with the USA. Even if mid-German companies exported less, their many subcontracting companies are equally affected.
The EuroStoxx 50 closes 0.27 percent lower at 5.337.58 points. In early trading, the index had risen by more than one percent.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
