German Industry Feels the Heat as U.S. Tariffs Bite
U.S. tariff hikes are reshaping global manufacturing, with two-thirds of German companies either moving production abroad or planning to do so, according to a new Deloitte and BDI survey. 🏭💸
🚨 By the Numbers:
20% of firms already shifted facilities overseas (up 8% since 2023)
43% plan to relocate within 2-3 years
35% expect R&D to move outside Germany
🌏 Where Are They Going?
While Europe remains a top choice (30%), Asia is gaining momentum: 16% eye China, and 19% target other Asian markets. Analysts warn short-term savings could backfire if supply chains face disruptions. ⚠️
"Tariffs are accelerating relocation, but resilience isn’t guaranteed," said Deloitte’s Juergen Sandau.
With 53% of firms reporting moderate cost hikes and 39% facing severe increases, the pressure is on. Could this mark a tectonic shift in global trade? 🤔💼
