The United States' trade policy is volatile, and German industrial output is facing another setback.
The German Federal Ministry for Economic Affairs and Energy stated that in the first quarter of this year, the overall performance of the German industry was strong. However, due to the increasing uncertainty in US trade policy and the resulting pessimism in business expectations, the growth of the German industrial sector may slow down again this year. Nils Jannsen, an economic analyst at the Kiel Institute for the World Economy, stated that Germany's industrial output is still at a low level, lower than the pre-pandemic levels. Due to the impact of US tariff policies, one of the reasons for the strong growth in industrial output in March may be early deliveries of products to the US by Germany. There are currently no signs of sustained improvement, on the contrary, the uncertainty of US tariff policies poses a threat to German industrial output facing setbacks. Nils Jannsen stated that the US's erratic trade policy exacerbates uncertainty, potentially causing many companies to postpone investments, which will be an additional burden for Germany's export-oriented industry. (CCTV news)
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