additional) impact on the level of GDP from the announced and envisaged tariffs between the United States and China. The figures are the deviations from baseline projections in percentage terms. Announced tariffs correspond to an increase in tariffs from 10 percent to 25 percent on USD 200 billion of U.S. imports from China as of May 2019.
In any case, I have doubts that turning away from global markets would strengthen the German economy. Facing global competition ensures that German companies keep up with technological progress and retain their high productivity. This might come at the price of higher volatility, but to me this seems like a price worth paying.