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Bleak year for German engineering firms amid US, China turmoil
Bleak year for German engineering firms amid US, China turmoil
Economy
by  AFP

Production in Germany's key engineering sector plunged for a third straight year in 2025 as firms were squeezed by US tariffs and fierce Chinese competition, an industry group said Tuesday. An even bigger challenge was competition from Chinese companies that are increasingly rivalling German firms in more and more sectors, and in some cases benefitting from government subsidies, the VDMA warned.