IfM-Position Paper
The impact of the provisional US-EU trade agreement on Mittelstand enterprises
On 27 July 2025, the President of the European Commission Ursula von der Leyen and US President Donald Trump settled on a preliminary trade agreement. Of particular relevance to Mittelstand enterprises is that US import tariffs on most goods will only rise to 15% instead of the 30% previously anounced.
In other areas, such as the pharmaceutical industry, the level of customs duties remains unclear, while tariffs of 50% will continue to be levied on steel and aluminium imports into the US.
Figure of the Month
One in four
self-employed craftswomen is back to work at the same level as before pregnancy just six weeks after giving birth.
Policy Brief "Entrepreneurship in Focus"
Local Entrepreneurship Helps Places Bounce Back After Extreme Weather Shocks
The presence of entrepreneurial organizations in an economy is associated with greater regional resilience to external shocks. Why?