The EU must not relent on the tariffs imposed by the United States, explained Bertram Kawlath, President of the German Mechanical Engineering Association. More than half of German machinery exports could be affected by steel and aluminum tariffs.
By Marion Bergermann
The German economy is facing a variety of challenges and opportunities, including digitalization, demographic change and the transition to sustainable energy – Read all the news from the Table.Briefings editorial team here. German Economy News: Impact of crises The German economy has faced a number of challenges and crises in recent years that have had a significant impact. COVID-19 pandemic: Ukraine war: Climate crisis: Brexit: These crises in the German economy led to uncertainty, increased costs and slowed economic growth. At the same time, adjustments and investments in new technologies and processes were required to ensure long-term resilience and sustainability. German Economy News: Skills shortage The skills shortage poses a significant challenge for the German economy as it affects growth and productivity. The causes of the skills shortage are manifold, as are the effects and the measures taken by the German government to counter them: Reasons for the skills shortage: impact on the German economy: measures taken by the German government: these measures aim to alleviate the skills shortage and ensure the competitiveness of the German economy. However, the success of these efforts depends on effective implementation and continuous adaptation to changing market conditions. German Economy News: Energy transition The energy transition in Germany is a comprehensive transformation process aimed at making the country's energy system sustainable, reducing greenhouse gas emissions and decreasing dependence on fossil fuels. In order to drive forward the energy transition – also in the interests of the German economy – the German government is supporting numerous research projects in the areas of renewable energies, storage technologies and energy efficiency. Pilot projects and model regions serve to test and further develop innovative energy concepts under real-life conditions. At a political and regulatory level, the introduction of a CO₂ price for the energy sector and industry creates a strong incentive to reduce greenhouse gas emissions. Germany is also committed to the energy transition at international level. Through the European Energy Union, Germany is working with other EU member states to create an integrated European energy market and promote cross-border energy projects. Germany is also actively involved in global climate protection initiatives and agreements to promote international cooperation and technology transfer. These measures are aimed at successfully implementing the energy transition and ensuring a sustainable, secure and competitive energy supply in Germany. The German economy is facing a variety of challenges – read all the news and analysis from the Table.Briefings editorial team here.
