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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Frankfurt, February 10 (Xinhua) — German small and medium-sized enterprises (SMEs) are showing a sharp decline in interest in doing business in the United States, with some now holding negative views, according to a survey published Monday.
According to a DZ Bank survey of more than a thousand medium-sized enterprises, US tariffs are having a broad impact on German companies: 12 percent of respondents reported a direct impact, and 44 percent an indirect impact through customers and suppliers.
German SME sentiment toward the US has also deteriorated significantly. Only 9 percent of surveyed companies said they could imagine the US playing a more important role in their supply chains over the next five years, a 3 percentage point decrease from the previous survey. Meanwhile, 18 percent expect the US market to play a smaller role, double the share recorded in the 2024 survey.
“No other country has experienced such a sharp decline in popularity in DZ Bank surveys since 2022,” writes the German newspaper Frankfurter Allgemeine Zeitung in a commentary on the survey results.
According to DZ Bank economist Klaus Nigsch, the growing reluctance to include the US in supply chains affects virtually all sectors and companies of all sizes.
More than half of German companies are adjusting their business strategies in response to increased uncertainty, focusing more on domestic markets and greater diversification, the bank adds. –0–
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