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German Industry Association warns on US tariffs and Chinese market pressures
The German Association of Industry has warned of a decline in Germany's industrial situation, which is losing around 15,000 jobs each month due to the impact of American tariffs and distortions in the Chinese market, as well as the accumulation of challenges over the years. It emphasized that this deterioration can be halted if competitiveness improves and an attractive investment environment is created. It pointed out that the current industrial transformation is led by artificial intelligence and offers significant opportunities, but requires providing supportive conditions. It also indicated that losing part of its competitiveness increases pressure on the sector, which comprises about 100,000 companies and employs more than 8 million workers.
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