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According to a research report, German automobile exports to the US fell sharply by nearly 14% in the first three quarters of 2025, making it the German industry hardest hit by US President Trump's trade war. German engineering companies are also struggling due to the tariff system. IW research shows that the industry's exports to the US fell 9.5% in the first nine months of 2025. Machinery exports are subject to 50% tariffs imposed by the US on steel and aluminum products. The chemical industry's exports to the US also fell by 9.5%, but the report indicates that this cannot be entirely due to tariffs. The report said, “In terms of chemical products, other factors may also have played a role, such as the decline in production due to rising energy prices in Germany.” Overall, German exports to the US fell 7.8% year on year in the first three quarters, while the average increase in the same period from 2016 to 2024 was close to 5%. Study author Samina Sultan said, “Since it is currently necessary to assume that US import tariffs will not return to the level before the Trump administration in the foreseeable future, it is unlikely that Germany's exports to the US will rise significantly.”

智通財經·12/22/2025 06:41:05
語音播報
According to a research report, German automobile exports to the US fell sharply by nearly 14% in the first three quarters of 2025, making it the German industry hardest hit by US President Trump's trade war. German engineering companies are also struggling due to the tariff system. IW research shows that the industry's exports to the US fell 9.5% in the first nine months of 2025. Machinery exports are subject to 50% tariffs imposed by the US on steel and aluminum products. The chemical industry's exports to the US also fell by 9.5%, but the report indicates that this cannot be entirely due to tariffs. The report said, “In terms of chemical products, other factors may also have played a role, such as the decline in production due to rising energy prices in Germany.” Overall, German exports to the US fell 7.8% year on year in the first three quarters, while the average increase in the same period from 2016 to 2024 was close to 5%. Study author Samina Sultan said, “Since it is currently necessary to assume that US import tariffs will not return to the level before the Trump administration in the foreseeable future, it is unlikely that Germany's exports to the US will rise significantly.”