>U.S. trade policy also continues to be felt worldwide, with 44% of German companies at their foreign locations reporting negative or very negative effects from tariffs and export controls.
Yep, this makes them less competitive on price
The company I work for even shifted from German brands (like heavy machinery and whatnot) to local or Chinese brands
We still use the old German-made equipment tho
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Everyone is just sadder while in Germany.
They are literally holding DAX afloat.
What are the reasons?
>U.S. trade policy also continues to be felt worldwide, with 44% of German companies at their foreign locations reporting negative or very negative effects from tariffs and export controls.
Yep, this makes them less competitive on price
The company I work for even shifted from German brands (like heavy machinery and whatnot) to local or Chinese brands
We still use the old German-made equipment tho