Finance
Majority of German firms fear negative effects of Trump tariffs, ZEW finds
Published by Global Banking & Finance Review®
Posted on April 22, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 22, 2025
1 min readLast updated: January 24, 2026
A ZEW survey reveals over 80% of German firms expect negative impacts from US tariffs, with significant concerns in manufacturing and IT sectors.
BERLIN (Reuters) -More than 80% of German companies in manufacturing and the information technology industry expect a negative impact on the German economy from tariffs imposed by the U.S., according to a survey by the Leibniz Centre for European Economic Research ZEW.
The survey, seen by Reuters on Tuesday, showed that 20% of the 800 companies surveyed now even fear "very negative" effects on the economy from the policies of the new U.S. government.
In industry, 46% of the companies expect negative effects on their business, with as many as 64% fearing negative consequences for the entire sector, the ZEW survey showed.
Half of the companies in industry with U.S. exports fear that Donald Trump's presidency will have a negative impact on them. At 42%, companies without exports to the United States also expect negative effects, according to the ZEW survey.
(Reporting by Rene Wagner, writing by Maria Martinez, Editing by Miranda Murray)
The main topic is the anticipated negative impact of US tariffs on German companies, as reported by a ZEW survey.
Over 80% of German companies expect negative effects from US tariffs.
The manufacturing and information technology sectors are most concerned about the tariffs.
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