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German factory outfitters warn of 'crisis' from US tariffs
German factory outfitters warn of 'crisis' from US tariffs
Economy
by  AFP

Germany's plant and equipment makers' federation warned Wednesday the sector is facing an "existential crisis" after the United States broadened the reach of its metals tariffs. "The harm caused by them, along with the prospect of still more in the months to come, are sending key machinery sectors hurtling toward the precipice of an existential crisis," wrote the group's president Bertram Kawlath.