BERLIN, Nov 11 (Reuters) – The outcome of the US midterms is unlikely to soften Washington’s protectionist trade stance and may instead increase uncertainty around tariffs, warned Gabriel Felbermayr, a member of the influential German Council of Economic Experts. “This could come to a head as early as the beginning of next year, particularly with […]
Business
German economic adviser sees higher US tariff risks after midterms
Audio By Carbonatix
BERLIN, Nov 11 (Reuters) – The outcome of the US midterms is unlikely to soften Washington’s protectionist trade stance and may instead increase uncertainty around tariffs, warned Gabriel Felbermayr, a member of the influential German Council of Economic Experts.
“This could come to a head as early as the beginning of next year, particularly with regard to China, as certain deadlines are set to expire,” said Felbermayr during the presentation of the five-member council’s annual report on Wednesday.
“For the German export sector, this means that the US market – which had shown improvement over the last two or three months, with Germany partly benefiting from the AI boom – could see a cooling off.”
(Writing by Miranda Murray; editing by Matthias Williams)