Trump tariffs ruling a 'strong signal' for trade rules, say German business
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Trump tariffs ruling a 'strong signal' for trade rules, say German business
""The verdict is clear proof of the separation of powers in the USA still going strong," BDI board member Wolfgang Niedermark said in a statement. The United States' highest court ruled that so-called reciprocal tariffs imposed by Trump last year under the International Emergency Economic Powers Act were illegal, potentially blocking a key tool Trump has wielded to drive his economic agenda."
"Export-dependent Germany has lost out under the US duties, as goods from cars to chemicals to industrial equipment became less competitive in American markets. German exports to the United States fell almost 10 percent last year. Niedermark called for more to be done to lift "unnecessary economic burdens on both sides of the Atlantic", pointing out "remaining uncertainty will continue to burden internationally active companies"."
The US Supreme Court found that reciprocal tariffs imposed by President Trump under the International Emergency Economic Powers Act were illegal, removing a key tool used to drive his economic agenda. Germany's industry group BDI described the decision as a strong signal for a rules-based trading system and as evidence of a functioning separation of powers in the United States. Export-dependent German firms lost competitiveness under the duties, with exports to the US falling almost 10 percent last year. BDI called for measures to lift unnecessary economic burdens on both sides of the Atlantic and warned that the US administration may seek alternative means to maintain protective measures, prolonging uncertainty for internationally active companies.
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