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International Business Times
International Business Times
Business

German Factory Outfitters Warn Of 'Crisis' From US Tariffs

United States Donald Trump European Union Germany
German industry fears that US tariffs could worsen a long-running downturn (Credit: AFP)

Germany's factory and equipment makers' federation warned Wednesday the sector is facing an "existential crisis" after the United States broadened the reach of its metals tariffs.

In a letter to European Commission President Ursula von der Leyen, the VDMA trade group said the expanded levies "have now sent a fresh chill of uncertainty rippling through European industry".

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