A study by the University of Sussex and King’s College London says many major German companies are so closely connected to both the U.S. and China that cutting ties with either would cause serious losses. The German companies listed on the country’s DAX and MDAX indexes that depend on the Chinese market are automobile and machinery producers. The chemical and pharmaceutical industries also depend on the U.S. for research and production. Companies such as Siemens and BMW generate huge revenues in both countries and also source materials from the Chinese industry, such as CATL. The study indicates the difficulties that Germany faces in choosing sides in the conflict between the U.S. and China.
German Firms Trapped Between U.S. and China, Study Finds
