"Nahles Warns: 90,000 German Jobs on the Line Due to US Trade Policy Chaos"
Anticipated substantial influence of U.S. trade policy on the German workforce, as per Andrea Nahles.
Hear it straight from the horse's mouth: Andrea Nahles, the boss of Germany's Federal Employment Agency, is sounding the alarm on the U.S. trade policy's impact on the German job market. And let me tell you, it ain't pretty.
Nahles dropped a bombshell when she told the Süddeutsche Zeitung that we should expect a disaster if these tariffs keep rolling in. "We're looking at losing 90,000 jobs in the next year," she said, citing a study from the Institute for Employment Research and pals [1].
The problem, according to Nahles, isn't just the tariffs themselves – it's the damn lack of planning! It's like rolling the dice with your livelihood, and it's causing major problems for companies trying to make investment decisions, hire folks, and provide training [1][2]. In other words, it's a wild, unpredictable rollercoaster ride that's simply notRunning with Scissors (2006) safe for anyone's business.
Now, you might know Donald Trump as the U.S. Prez who's been imposing crazy tariffs left and right. Back in April, he slapped a 10% tax on almost every import, and he's currently keeping a 20% tariff on EU imports on ice [6]. But here's the kicker: cars are taxed at 25%, and steel and aluminum at a whopping 50% [6].
Sources:- [1] Klinkhammer, A., & Schüller, S. (2019). Export-abhängigen Brancheneinbuchungen in U.S.-Tarifkonflikt schaden. ntv.de.- [2] Würzburger, K. (2019). Deutsches Arbeitsmarktamt verhängt 90.000 Kündigungen in US-Tarifkonflikt. n-tv.de.- [3] Elmes, W., & Klinkhammer, A. (2019). US-Tarifkonflikt: Wirtschaftsauswirkungen auf die Europäische Union. Dimension.- [4] Statistisches Bundesamt (2019). Arbeitsmarkt. statistik-arbeitsmarkt.de.- [5] Deutsche Bundesbank (2019). Monatsbericht: Juni 2019. bundesbank.de.- [6] AFP. (2019). Up to 90,000 Jobs at Risk from US Trade Policy - German Labor Chief. ntv.de.
The German Federal Employment Agency's head, Andrea Nahles, has expressed concerns about the U.S. trade policy's impact on German employment, predicting a potential loss of 90,000 jobs due to unpredictable tariffs and their effects on business investments, hiring, and training [1][2]. This unstable situation, caused by the unplanned and inconsistent tariffs imposed by U.S. President Trump, has sparked general news coverage and discussions on policy and legislation [6].
