A Donald Trump victory in the US presidential elections in November will hit German exports, the Munich-based ifo economic institute predicted on Monday. German exports to the United States could fall by almost 15% if Trump implemented higher import tariffs, economists from ifo and Econpol Europe predicted in a joint scenario. The automotive and pharmaceutical sectors would be worst hit, suffering declines of around a third. Knock-on effects would also impact exports to China, which could fall by almost 10%, the analysts predicted. During his campaign, Trump has announced tariffs of 60% on US …