German Economic Institute: Gerrman exports to be affected across the board by unilateral US auto tariffs

Reuters recently reported the below-seen highlights from the German Economic Institue's recently published report.

• German exports will probably be affected across the board by unilateral US auto tariffs.
• See inflation rate rising to 2.0% in 2019, 1.9% in 2020.
• Escalation of the trade conflict that would result in wider tariffs could lead to a major recession in Germany and Europe.
• Germany and Europe so far have been largely unaffected by trade conflict started by US.