On April 18 local time, the Cologne Institute for Economic Research released a report stating that about 35% of companies in Germany plan to lay off employees this year. According to the institute's survey of economic data from over 2,000 companies in Germany, more than a third of the companies also expect their investments this year to be lower than last year.
The Cologne Institute for Economic Research in Germany: The U.S. tariff policy harms the export environment for Germany.
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