Germany’s next Chancellor, Friedrich Merz, has warned that the imposition of tariffs by US President Donald Trump could lead to a financial crisis. Merz, who is set to take office later this year, stated that the current trade tensions between the US and Europe could have dire consequences for the global economy. He also emphasized the importance of eliminating tariffs on transatlantic trade in order to promote economic stability and growth. This warning comes as the US and its allies continue to engage in a trade war, with Trump imposing tariffs on steel and aluminum imports from Europe and other countries. Many experts have raised concerns about the potential negative impact of these tariffs on the global economy. Merz’s statement adds to the growing criticism of Trump’s protectionist policies and highlights the need for cooperation and free trade in the international market.
Original Source: https://www.politico.eu/article/donald-trump-policies-financial-crisis-friedrich-merz-tariffs/
