April 8, 2025 - 12:00
Germany's finance minister, Jörg Kukies, has issued a stark warning regarding the potential impact of ongoing tariffs imposed by the United States. He predicts that if these tariffs persist, German exports to the U.S. could plummet by as much as 15 percent. This significant decline in exports poses a serious threat to the German economy, which is heavily reliant on international trade.
Kukies emphasized that the repercussions of these tariffs could lead to a broader economic downturn, increasing the risk of recession within Germany. The finance minister's comments reflect growing concerns among policymakers about the stability of the German economy in light of global trade tensions.
As the situation evolves, the German government is closely monitoring the developments related to U.S. trade policies. Kukies' warning serves as a reminder of the interconnectedness of the global economy and the potential consequences of protectionist measures. The business community in Germany is urged to prepare for possible shifts in market dynamics as these tariffs continue to affect trade relations.
