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Economists predict a 15% drop in Germany's exports due to potential Trump tariffs, with a 0.25% long-term GDP reduction.
Economists warn that a potential re-election of Donald Trump could severely harm Germany's economy, predicting a 15% drop in exports due to proposed tariffs.
The automotive and pharmaceutical sectors would be particularly affected, with exports to China also declining by nearly 10%.
The Ifo Institute estimates that Trump's tariffs could lead to a long-term GDP reduction of 0.25%, compounding existing economic struggles since the pandemic.
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Los economistas predicen una caída del 15% en las exportaciones de Alemania debido a los potenciales aranceles de Trump, con una reducción del 0,25% del PIB a largo plazo.