The company that defied Trump’s tariff war
German nut and bolt maker reports stable demand despite facing one of the largest US levy rises in 2025
Related reading
German carmakers set for €10bn cash flow hit as Trump tariffs bite
Higher levies mean rising costs for importing into the US, parts procurement and supply chain adjustments
EU readies retaliatory tariffs to secure better trade deal with Trump
German chancellor backs more muscular approach ahead of July talks deadline
European carmakers take €8bn hit from Trump tariffs
US president has threatened to raise levies to 25% if EU does not implement last year’s trade deal
The global economy turns out to be more resilient than we had feared
Trump’s tariffs have not led to the kind of retaliatory action many expected
An ever riskier world economy
Trump’s tariff war brings with it unpredictability and a consequent loss of confidence
Economic nationalism is just getting started
Tariff wars may de-escalate but companies in the US and elsewhere are still expected to serve their country first