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Trump trade tremors dampen confidence in German economy

AP  |  Frankfurt 

A survey of investor confidence in the German has fallen to its lowest level since August 2012 on fears of an international trade war.

The index fell to minus 24.7 points in July, from minus 16.1 points in June. The institute's head, Achim Wambach, said today that fears about a trade war with the outweighed positive about employment and industrial production.

US has imposed tariffs on and aluminum imports, including from the European Union, and on a range of Chinese goods.

and the EU retaliated with new tariffs, or import taxes, of their own. Germany's is heavily dependent on global trade, with exports 47 per cent of

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 16:05 IST