Roland Busch

Why?

Tariffs are just more or less, they are like taxes.

They help closing the budget deficit.

And I never saw taxes going back, which helped you closing a budget deficit.

And I hope that this maybe comes to more normal terms.

For example, our machines, the machines which are exported to the United States, they are

They suffer from tariffs, but they have also these tariffs on aluminum and steel on top, which makes them quite expensive.

So maybe that goes away.

So there might be some adoptions, which I think will come.

But I don't believe that this goes back to where we are coming from.

It's an ad with less people per output if you don't automate.

Absolutely.

That's absolutely clear.

The point is we are living in aging societies.

I mean, Germany is aging, Japan, Korea, China is aging.

There's a really step curve.

So sooner or later, you will see that creating jobs like crazy is maybe not the point because you are missing jobs anyhow, labor anyhow.

You might want to deploy the labor you have in jobs which you cannot replace.

I mean, the social system, the healthcare system and the like.

And use labor really where labor makes a difference.