German Companies Increasingly Favor Asia Over US Investments

German companies are shifting their investment focus to China and other Asian countries.Photographer: Qilai Shen/Bloomberg

Fewer German companies are investing in the US due to President Donald Trump’s trade tariffs and focus is shifting to China and other Asian countries, according to a survey by industry lobby group DIHK.

Among around 1,700 manufacturers polled, 44% said they planned to invest in the US, four percentage points less than in the 2025 survey and the first significant decline since the Covid-19 pandemic, the DIHK said Thursday.