That's up to them and their own risk assessment. One thing I know for sure is that if they did, the US would wage an economic war so fiercely on Europe, that Nokia & Ericsson would have a tough time doing anything in the US for years to come.
Further, collateral damage would include all sorts of manufacturing, which would cripple Germany.
Remember the imbalance here: European manufacturing is more dependent upon the US than the US is on Europe. Fully 50% of Germany's GDP is exports, and worse, Germany exported $118bn of goods, while the US exported only $50 to Germany.[1] While that doesn't seem a big difference, once you look at it as a share of each other's economies, it is immense (roughly 3% of German GDP, versus only 0.5% of US GDP).
True, but for a good reason. If you take out the economic engine of Germany, you’re done. They are the banking muscle of the EU, and once that goes, everything goes.
Not exacly. For sure Germany is one of the core players in UE but don't forget about others. About exp/imp data https://en.m.wikipedia.org/wiki/Economy_of_Germany if you have better data about that please propose correction.
That's up to them and their own risk assessment. One thing I know for sure is that if they did, the US would wage an economic war so fiercely on Europe, that Nokia & Ericsson would have a tough time doing anything in the US for years to come.
Further, collateral damage would include all sorts of manufacturing, which would cripple Germany.
Remember the imbalance here: European manufacturing is more dependent upon the US than the US is on Europe. Fully 50% of Germany's GDP is exports, and worse, Germany exported $118bn of goods, while the US exported only $50 to Germany.[1] While that doesn't seem a big difference, once you look at it as a share of each other's economies, it is immense (roughly 3% of German GDP, versus only 0.5% of US GDP).
[1] - https://www.americanexpress.com/us/foreign-exchange/articles...