Donald Trump’s threat to impose a 50% tariff on EU imports could cost Germany up to €200 billion by 2028, a new report warns. The German Economic Institute says the tariffs, if enacted and matched by EU countermeasures, would slash Germany’s GDP and trade surplus with the US. Trump accuses the EU of unfair trade practices and announced the move due to stalled negotiations. With Germany’s exports to the US already dominant, the economic damage could be staggering. The EU vows to defend its interests and warns against provocation-based policies.
