Commerzbank: Do higher tariffs really not matter?
4/6 09:30
“The fifth consecutive increase in the Ifo business climate index (87.5 after 86.9) shows that German companies defied Trump’s tariff shock also in May. The business climate in the export-oriented manufacturing sector has even improved. Apparently, the positive effects of the ECB’s rate cuts outweigh the higher tariffs. However, Trump’s tariffs should eventually notably dampen […]...