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Majority of German Firms Fear Negative Effects of Tariffs, ZEW Finds

BERLIN, April 22 (Reuters) - More than 80% of German companies in manufacturing and the information technology industry expect a negative impact on the German economy from tariffs imposed by the U.S., according to a survey by the Leibniz Centre for European Economic Research ZEW.

The survey, seen by Reuters on Tuesday, showed that 20% of the 800 companies surveyed now even fear "very negative" effects on the economy from the policies of the new U.S. government.

In industry, 46% of the companies expect negative effects on their business, with as many as 64% fearing negative consequences for the entire sector, the ZEW survey showed.

Half of the companies in industry with U.S. exports fear that Donald Trump's presidency will have a negative impact on them. At 42%, companies without exports to the United States also expect negative effects, according to the ZEW survey.

Reporting by Rene Wagner, writing by Maria Martinez, Editing by Miranda Murray

Source: Reuters


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