Bavaria’s Minister of Economic Affairs Hubert Aiwanger (Free Voters) warns of billions in damage to the Bavarian economy if US President Donald Trump would improve new tariffs for imports from Europe as announced. Even the US tariffs against Canada, Mexico and China – sometimes exposed again – are likely to have violent consequences. There is a threat scenario for the automotive and industrial location.
“Of course, this goes to the billion dollar area,” said Aiwanger after a cabinet meeting in Munich. The gross domestic product in Germany is very difficult to fall back. “For Bavaria alone, the billions in business are in business and the German economy has shrunk anyway. It can shrink another percentage point and more if this would be as feared in this full impact,” warned the free voter chairman.
Trump had recently made it clear that he wanted to impose tariffs on imports from the EU. “This will definitely happen for the European Union,” he said. However, Trump did not provide any specific information about the amount of tariffs and possibly affected product groups. He said there was no schedule, but “pretty soon” would happen.
“Danger in default”
Aiwanger said that the state government sees “danger in delay” because Bavaria is a very export -oriented federal state – and America is the largest export partner. “If the US side is serious and European goods, automobiles and Co., would harm Germany massively, Bavaria would massively harm.” From a Bavarian point of view, export to the United States is very high in the Bavarian point of view, plus motorhomes, medical devices, electrical products.
And many German companies are also active in Mexico, which then deliver goods from there to the USA. Aiwanger reported that a Bavarian automotive supplier told him that this would be a three -digit million amount where he would be affected annually if the US tariffs against Mexico would come as announced. Investors. “
Trump aims to bring production capacities to the United States and to promote the “de -industrialization of Europe”, warned the Minister of Economy. Bavarian companies are already investing in the United States. The next federal government must therefore improve Germany’s competitiveness, for example with lower taxes and energy prices.
