$RIVER
| Macro Update
German investment in the U.S. has dropped nearly 45% during Trump’s first year back in office — a clear signal of rising uncertainty. Higher tariffs, unstable trade policies, and a weaker U.S. dollar are forcing many German companies to pause or cancel expansion plans.
At the same time, German exports to the U.S. have seen their sharpest decline since 2010. Manufacturing pressure is increasing, supply chains are tightening, and overall business confidence is fading. When Europe’s strongest economy pulls back, global markets take notice.
Trade wars don’t create winners. They reduce investment, slow growth, and damage long-term market trust. If this trend continues, the global impact could extend far beyond the U.S. and Germany.
Source: IW
