German economic adviser sees higher US tariff risks after midterms
SPY•German Council of Economic Experts member Gabriel Felbermayr warned that the US midterm outcome may increase tariff uncertainty, particularly with China, and could cool the US market for German exporters.
1. Tariff uncertainty may rise
Gabriel Felbermayr, a member of the German Council of Economic Experts, said the US midterm outcome is unlikely to soften Washington's protectionist trade stance and may instead increase uncertainty around tariffs. He said tensions could come to a head early next year, particularly with China, as certain deadlines expire.
2. Risk to German exports
Felbermayr said the US market had improved over the previous two or three months, with Germany partly benefiting from the AI boom, but could cool off.
