New U.S. Tariffs on German Goods Stoke New Uncertainties, DIHK Says -- Market Talk

1240 GMT - The latest U.S. tariffs on German goods imports increase uncertainty and create additional bureaucracy, the DIHK German chamber of commerce's trade chief Volker Treier says. "Uncertainty is, of course, poison for business." The Trump administration on Friday imposed a new 10% tariff on European Union products it said was designed to combat forced labor. Neither the accusations of insufficient measures against forced labor nor claims of alleged overcapacity stand up to scrutiny, Treier says. "It's clear Washington is trying to enforce tariffs that were halted in court in February through other legal avenues". On the positive side, the new tariffs incorporate the existing most favored nation tariffs, which mean the tariff rate should be below 15% in future, he says. (edward.frankl@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 08:40 ET (12:40 GMT)