‘1930s are back’: German economists warn Donald Trump's reciprocal tariff barriers reflect World War-2 era

‘1930s are back’: German economists warn Donald Trump's reciprocal tariff barriers reflect World War-2 era

Economists warned that tariffs could risk trigger a recession in the German economy and drain around a half a percent of national output

Germany ‘heading back to the 1930s’

It is set to be one of the EU countries hit the hardest by Donald Trump’s tariff surge

Donald Trump proclaims comprehensive tariffs and thus explains the trade war to the world. The reaction must therefore fail: it is time to show the backbone – also for Germany.

The German Chancellor has just announced that the European Union will respond to the American tariffs in a unified, decisive and proportionate manner.

In response to US President Donald Trump's tariff policy, the SME and Economic Union of CDU and CSU expects the next government to play an EU leadership role in concluding new free trade agreements. “Germany must take on the leading role in Europe in concluding new free trade agreements,” said the chairwoman of the SME Union, Gitta Connemann, to the newspapers of the Bavarian Media Group. These should not be overlaid with criteria that are not r…

The head of the German Wholesale Association even talks about an "American Brexit"