Who’s Afraid of Trump in the White House? How German Firms View the US Election

Andreas Baur, Lisandra Flach, Sebastian Link and Andreas Peichl

No 65, EconPol Policy Brief from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Abstract: How do German firms view the upcoming US election and a possible second Donald Trump presidency? As part of the ifo Business Survey in September 2024, more than 2,000 German manufacturing firms were asked about the US election. 44 percent of German manufacturing firms anticipate negative impacts on their business situation if Donald Trump wins the election, compared to a potential Kamala Harris presidency. Key Messages The US market plays a crucial role for German industry, with a significant portion of German manufacturing firms maintaining export, import, or production relationships with the US economy 44 percent of German manufacturing firms anticipate negative impacts on their business situation if Donald Trump wins the election, compared to a potential Kamala Harris presidency Firms expecting negative consequences from a Trump presidency tend to rate Harris' chances of winning more favorably On the eve of the US elections, only 4 percent of German manufacturing companies are currently planning concrete adjustment measures for a potential second Trump presidency

Date: 2024
New Economics Papers: this item is included in nep-int and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.ifo.de/DocDL/EconPol-PolicyBrief_65.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:econpb:_65

Access Statistics for this paper

More papers in EconPol Policy Brief from ifo Institute - Leibniz Institute for Economic Research at the University of Munich Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().