EU Faces €750 Billion Economic Hit from US Tariffs: Germany to Bear the Brunt

The European Union faces a potential economic blow from US tariffs, with Germany bearing the brunt of the impact. Experts at the Cologne Institute for Economic Research estimate that Germany alone could lose €200 billion over the next four years. This projection is based on the impact of new US tariffs, and the resulting damage will affect employment and Germany's GDP. Ursula von der Leyen, President of the European Commission, has vowed a strong response, stating, "We are ready to respond. We are already finalizing the first package of countermeasures in response to tariffs on steel, and now we are preparing for further countermeasures to protect our interests." The video highlights the economic vulnerability of the EU, particularly given Germany's previous economic strength. The EU's response will be crucial in mitigating the potential damage and shaping future trade relations.