“The 1930s are back,” said Carsten Brzeski, an economist at ING Germany, comparing the wave of trade barriers imposed by the White House to 1930s-era protectionist trade rules.
Hi Germany, I promise here in Denmark we will buy more German and less American.
And at least this time we have EU, and a lot of countries like UK, Canada, Australia, Japan, South Korea, Taiwan and many other countries, that are probably also ready to increase trade with us (EU). Even China could be a partner in this situation.
So although it will have an impact, I doubt it will be anywhere remotely close to the 30’s. And if ti’s any consolation, USA will probably be hit harder than Germany.
Hi Germany, I promise here in Denmark we will buy more German and less American.
And at least this time we have EU, and a lot of countries like UK, Canada, Australia, Japan, South Korea, Taiwan and many other countries, that are probably also ready to increase trade with us (EU). Even China could be a partner in this situation.
So although it will have an impact, I doubt it will be anywhere remotely close to the 30’s. And if ti’s any consolation, USA will probably be hit harder than Germany.