A second Donald Trump presidency could cause billions in economic damage in Germany, according to a study by the Cologne Institute for Economic Research (IW). If re-elected, Trump has suggested he will impose tariffs of 60% or more on Chinese products and blanket tariffs of 10% on all goods imported into the US. Over the course of a four-year term in office, this could mean a total loss of more than €120 billion ($130.3 billion) for the German economy, according to the authors of the study, which was published on Monday. If China retaliates with its own tariff increases on US imports, this fig…