Significant implications for the German economy would have the imposition of 30% of the US on the products imported by the European Union, Bundesbank estimates in its latest report.

“If the announcement of a 30% announcement on EU imports entered into force on August 1st, this will create a significant risk of recession for the economy, Bundesbank warns in its last monthly report and points out that German exporters will face short -term” US “.

According to the bank, the German economy has lost its momentum again in the spring, while GDP will probably remain stagnant in the second quarter of the year. Last month, the Central Bank predicted stagnation for the economy in 2025, but its calculations were based on 10% duties from the US. “The uncertainty about duties harm the economic growth and the goal of the EU should be a quick deal with the US, but not at any price,” Bundesbank chief Joachim Nagel told Handelsblatt.

In a different spirit, the Institute of Macroeconomics and Economic Circle (IMK) assesses the possible consequences of US duties as comparative mild. A 30% rate on the EU imports “would burden Germany’s economic recovery, but would not crush it,” the IMK said in a related investigation.