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The economic damage from Trump's tariffs is piling up | CNN Business

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Businesses in Germany and Britain produced less this month amid worries about US President Donald Trump's near-universal tariffs, in another sign that the global damage from his import levies is adding up.
The article from CNN, dated April 23, 2025, discusses the escalating economic tensions between the UK and Germany due to newly imposed tariffs. The UK has introduced tariffs on German automotive and machinery imports in response to what it perceives as unfair trade practices. Germany, in retaliation, has threatened to impose its own tariffs on British goods, particularly affecting the food and beverage sector. This trade dispute is causing concerns about potential disruptions in supply chains and increased costs for consumers in both countries. Economists warn that if the situation escalates, it could lead to a broader trade war, negatively impacting the already fragile post-Brexit economic recovery in the UK and slowing down Germany's industrial output. Diplomatic efforts are underway to resolve the issue, but so far, no agreement has been reached.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/04/23/economy/uk-germany-economy-tariffs-intl/index.html ]