Economists and analysts have expressed concerns about the potential repercussions of these tariffs. There is apprehension that levies could hike consumer prices, disruptions in global supply chains, a
The benchmark Stoxx Europe 600 index fell 2 per cent at the open, as investors flocked to haven assets including gold, Treasuries and German Bunds. Futures tracking the S&P 500 and the Nasdaq were down 2.8 per cent and 3.3 per cent respectively.
Efforts to reform German debt brake could turn the country back into the locomotive of European growth, Desmond Lachman writes in a guest commentary.
Germany and other top suppliers of cars ... said the "only solution" would be for the EU to raise tariffs on US products in response. French president Emmanuel Macron said it was the wrong time ...
Germany's economy minister and its autos association slammed Donald Trump's newly-announced 25% tariff on imported vehicles to the U.S. as bad for European and U.S. economies, calling for urgent negotiations to ward off a spiralling trade war.
Outgoing German Chancellor Olaf Scholz has vowed a clear and firm European response to US tariff policies.Scholz said in press statements that the EU will continue to work for
Germany considers various retaliatory measures against the U.S. following President Trump's announcement of a 25% tariff on imported vehicles. EU officials are exploring options, including targeting U.
Trump imposed the steepest US tariffs in more than a century, stepping up his campaign to reshape global trade.