German Economy Minister: US tariff hike puts pressure on global trade

On January 28th local time in Berlin, German Minister of Economy and Energy, Reich, stated that the increase in tariffs by the United States is putting pressure on global trade and hindering existing supply chains.

Lai Xie stated that from January to November 2025, Germany's exports to the United States decreased by 9.4% year-on-year.

Lai Xie also stated that the recent tariff threats by US President Trump, such as the tariffs imposed by the United States on the European Union, have caused uncertainty. The current global geopolitical tensions continue to escalate, and the escalating trade policies of the United States are just one of the factors; The situation in Ukraine and the ongoing conflict are another factor. Due to changes in the international situation, German industry is facing significant headwinds.