Europe@feddit.orgEnglish · 24 days ago

German Banks Call on Europe to Show Restraint in Tariff Conflict

www.bloomberg.com

German Banks Call on Europe to Show Restraint in Tariff Conflict

www.bloomberg.com

schizoidman@lemm.ee to

Europe@feddit.orgEnglish · 24 days ago

Germany’s banks are urging the European Union to avoid exacerbating existing trade tensions with the US by imposing retaliatory measures.

https://archive.is/mYHrR

Heiner Herkenhoff, managing director of the German Bankers Association

“There is no point in striking back hastily with additional measures,” Herkenhoff said

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23 days ago
So that lowers the margins and volumes of domestic exporters that export to the US even further. Meanwhile American exporters who sell domestically get to keep their margins and volumes.

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