Can Europe find the upside to a global trade war? | DW News

European markets are in turmoil following President Trump's new tariffs. DW Business's Daniel Winter spoke to Carsten Brzeski, Chief Economist at ING Germany.

#trump #tariffs #germanyeconomy

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[m_go]

Tariff Google, Amazon, Meta, etc... when they earn a cent in Germany, they need to tax it here. Every other enterprise has to.

[GritCortex]

it's not a global trade war, it's a USA vs the world war

[b-art]

Whatever the EU does, let it be with resolve and determination. A decade of weak half-measures has put us in this lukewarm, managed decline state. I can't stand this self inflicted weak hand we've dealt ourselves.

[jacobschnberg]

Nobody can find an upside in a war ! But EU has the strenght to stimulate the economy enough to
pull Europe out of stagnation ! Germany has made a stimulus package for infrastructure and
armament ! EU is 450 million people and if the 27 countries start to work together better
then EU is very strong

[AlexKaehler-qckd]

The sad truth is, we have the whole EU have a trade surplus with the US and it's been our largest export market. We have a trade deficit with China, so where do we go? By definition we produce more than we can consume and partially that's also due to the aging demographics. You have to reinvent a lot of things to really, fundamentally change this

[Midg-tdty]

Germany needs to reorient itself. No they cant just keep selling stuff to america. Please start thinking how to remodel EU economy so its not dependent on America.

[TheSateef]

TLDR news did a very good explanation of how europe will benefit in the long run. as the US gives up it position as the world's leading economy and currency, europe can step in and fill the void

[IxOrI]

EU has recently freed up alot of money and has started to invest in their own economy and infrastructure. So its happening no matter how USA will react. EU will pivot into a more self reliant economy.

[TheLordFrog]

I really enjoy the interviews with Mr. Brzeski. Insightful and to the point.

[phanor]

Europe needs to understand, this is not about unfair trade practices... its about tax cut for the rich.

[soneksss]

if low oil price is the only way to stop the war....

[damiang]

So, he's basically saying the good thing is that in Europe we have experience in getting poorer and poorer ... If he thinks many of us can handle that for another years, he is wrong ...

[peter]

The EU will keep talking hoping this will all go away. And talking, and talking.

[eneslekovic]

Europeans don't really want American food

[myspace]

Yes, replace the dollar with the euro. Cut trade deals with the rest of the world and make the euro a trading symbol

[The-DO]

Yes, Europe can stop buying iFruit Phones

[-.]

The tariff war will hurt the US and China the most. It will drag Europe along, but relative to these two, Europe will emerge stronger.

[kennethngah]

Why can't Europe not just do business among it selves rather than America as simple as that.

[jobrendan]

USA 17 percent of global market.... negotiate with others introduce zero tarrics.... don't play games with bullying.

[user-usqz]

Summary of Energy Cost Differences (vs. Germany):
• USA energy costs: approximately 60–75% lower
• China energy costs: approximately 50–80% lower

Impact on Manufacturing Competitiveness:
• Germany:
• High energy taxes and stringent regulations have contributed to increased production costs.
• These factors have led some companies to consider relocating production to countries with more favorable energy costs and regulatory environments.
• United States:
• Lower energy taxes and a more relaxed regulatory framework provide U.S. manufacturers with cost advantages, enhancing their competitiveness.
• China:
• State support, subsidies, and relatively low energy taxes enable Chinese manufacturers to offer competitive pricing, though concerns about environmental standards persist.

In summary, Germany’s higher energy taxes and stringent regulations, while supporting environmental goals, pose challenges for manufacturing competitiveness compared to the more lenient tax and regulatory environments in the U.S. and China. !