German firms concerned about increasing trade tensions with US

Forty-four per cent of German firms expect a further escalation of trade tensions between Europe and the United States, which is likely to continue to dampen new investments, the RND newspaper chain reported, citing a survey by the IW economic institute.

Thirty-four per cent do not see trade ties growing more strained, RND reported.

It said 41 per cent of firms surveyed considered it unlikely that the United States and the European Union would reach agreement on a transatlantic trade agreement.