Donald Trump is bad news for German business (www.economist.com)
from Sine_Fine_Belli@lemmy.world to world@lemmy.world on 18 Nov 22:18
https://lemmy.world/post/22180800

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NOT_RICK@lemmy.world on 18 Nov 22:21 next collapse

Donald Trump is bad news for German business

Maybelline@lemm.ee on 19 Nov 00:20 next collapse

Donald Trump is bad news for German business

werefreeatlast@lemmy.world on 19 Nov 20:40 collapse

Trump Bad

PennyRoyal@sh.itjust.works on 19 Nov 01:35 collapse

Yeah, if we start listing all the things he’s going to negatively affect, we’re going to be here for a very long while

FlyingSquid@lemmy.world on 18 Nov 22:37 next collapse

You think?

shoulderoforion@fedia.io on 18 Nov 23:04 next collapse

the pennies are starting to drop

atro_city@fedia.io on 18 Nov 23:40 next collapse

Germany is bad new for German business... they don't need Trump to fuck it up. They are doing so beautifully themselves.

Sakychu@lemmy.blahaj.zone on 19 Nov 10:12 collapse

Oh is that so? Please enlighten us how we can do better since you obviously have a plan

Jesus_666@lemmy.world on 19 Nov 11:39 next collapse

Travel back in time and make our economy less export-oriented. The one-two punch of China losing interest in German cars and Trump getting elected and intending to impose harsh tariffs ('cause that worked out so well last time) is definitely hurting business. The export-oriented economy worked out really well so far but right now there’s no sufficiently wealthy market to pivot to so a downturn is very likely.

This goes beyond cars and car-related companies. Hidden champions also tend to make a lot of money from exports although they’re also exactly the reason why those tariffs are going to hurt the USA. A bad export situation in both the USA and China is going to be painful for a lot of companies.

It’s not all doom and gloom but we’re definitely going to have a few lean years in the near future.

Other people might also bring up our long-time energy dependency on Russia but I think that’s only a relatively minor contributing factor.

Sakychu@lemmy.blahaj.zone on 19 Nov 13:02 collapse

Interesting points! I see more the fault in the German car maker as they refused to invest properly into electric cars. Why should China and the USA import Electric cars that are worse then what they can build for triple the price?

Jesus_666@lemmy.world on 19 Nov 13:15 collapse

That plus the Chinese economy isn’t as strong as a few years ago so the appetite for expensive cars is dampened. Of course that’s what our manufacturers have bet on because why make an affordable ultracompact if you can just shit yet another SUV onto the market and find a buyer?

30p87@feddit.org on 20 Nov 02:39 collapse

Also, wasn’t the last report positive (against experts predictions)?

antiykns443@lemmings.world on 19 Nov 11:54 collapse

Typical liberal. Genocide isn’t that big of a deal but we’re drawing the line at big business getting hurt.