US tariffs can attract Germany to the recession: Ophim nagel of ECB


The building of the German Parliament, Reichstag, he has been the place since 1999.

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US tariffs have warned President of Europe, President of the Central Bank of Germany Joachim Nagel Thursday, because Berlin causes a debate that Berlin has been overhauling its financial policy.

“Now we are in the rates, so we can really have recession, and if the tariffs are truly rates, it is a member of the Government of the European Central Bank, which said in the BBC Podcast interview.

World tariffs increase signs called “non-root economy” in Germany, which has been contracted for two years, for two years in a row, which began with a three-year attack of the energy crisis and several years of Ukraine.

After inflation and interest rates, after receiving previous year, the eurozone entered the eurozone and reduced its relationship with US President Donald Trump’s relations with trading partners.

European Union on Wednesday batch The Trump is against steel and aluminum imports, which has been engaged in counter-tariffs on this day, since April, 28 billion euros ($ 28.26 billion), 28 billion US dollars.

“It’s not a good policy,” nagel said “tectonic changes” now. “I hope the price of Americans to pay in Trump Administration is the highest.

As the third largest exporter in the worldAccording to 2023, Germany as a importer of US sales, Germany is vulnerable to the tariffs supported by their automated and engineering sectors.

Exports of rehabilitation and services amounted to 43.4% of GDP in 2023, Germany, According to the World Bankbut Federal Statistics Office In December, in January compared to 20.7 billion euros, show the most recent high foreign trade profile in January.

The uncertainty of tariffs appears when the EU releasing the budget roads of the EU and placing additional security costs and placing additional security costs, the plan of the United States continues to help Ukraine.

Fitch Ratings Warning on Thursday The initiative that can be mobilized about 800 billion euros, which will reduce the main rating of the EU EU due to additional debt and reducing the final debt.

Foot on the Pedal “Debt Brake”



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