Donald Trump is bad news for German business
But some companies will be hit much harder than others
German bOSSES can’t catch a break. Since Russia’s invasion of Ukraine nearly three years ago their firms have been pummelled by surging energy prices, slowing demand in China, stiffening competition, fractious workers and a dysfunctional (though soon to be ousted) government. Shares in German companies have risen by just 2% since the start of 2022, compared with 16% for those in rich countries as a whole (see chart). Now they are wringing their hands over Donald Trump’s return to power.
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This article appeared in the Business section of the print edition under the headline “Return of the Wundertüte”
Business November 16th 2024
- America Inc is hoping for a tax bonanza. It may be disappointed
- Donald Trump is bad news for German business
- TSMC walks a geopolitical tightrope
- Nike and Adidas are losing their lead in running shoes
- Big oil may be softening its stance on climate-change regulation
- Is America’s last big industrial conglomerate about to break up?
- The magic and the minefield of confidence
- Tesla is not the only winner under Donald Trump
From the November 16th 2024 edition
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