• Hnery@feddit.org
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    4 days ago

    What’s your opinion on increasing domestic demand via careful import taxes where germany is highly dependent on external suppliers? And by careful I don’t mean the hot mess trump administration is doing currently.

    • stoicEuropean@lemmy.ml
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      4 days ago

      I’m not an expert on tariffs, and I am also not a big fan of them. Our economy is deeply intertwined with other economies, so tariffing will immediately raise production costs, leading to higher prices and less competitive exports. As a policy maker, I would be afraid that such a move would be the nail in the coffin for our economy.

      Furthermore, being part of the EU single market means trade policy is largely set on EU level.