US tariffs create ‘urgent’ problem for Germany, says Friedrich Merz

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German Chancellor-waiting Friedrich Merz has warned of the US tariffs in global markets and Germany in its first comments in its first comments, as US President Donald Trump revealed the collapsed charges against the EU.

“The situation of international equity and bond markets is dramatic and threatens to worsen,” he said on Monday. “Therefore, it is more urgent than ever to restore its international competitiveness as soon as possible.”

20 percent Tariffs: All European exports come to Germany’s acute political and economic challenges, and 1TN expenses have been announced by the country’s defense industry and aging infrastructure.

European shares have fallen when the stock markets opened on Monday, which have a STOXX EUROPE 600 index, and Germany’s Ducks – 5.4% for a short time than by 10 percent. FTSE 100 went down by 5.1 percent.

The eurozone’s largest economy rely on US exports to about 4% of its GDP, more than France or Italy. Is German economy It is stagnant for three years, as it has hit the lower demand of German goods in China and the heated competition of Chinese competitors in China.

According to Cologne Institute for Economic Research, the total economic damage to the German economy may increase up to 200 billion euros to the four-year trump, which leads to a 1.5 percentage point in 2028.

“In the short term, the incoming government will fight for immediate shocks of trade.”

If the full-fledged tariffs of the United States “massively damage” the German economy and can sign an agreement this year, the Ipo Institute of Economic Research, located in Munich, said last week. “Some basic industries, such as automotive and machine building, are especially strike,” he said.

“Since the German economy is already stagnant, the US tariffs will suffer economic growth below zero,” said CLEMENS.

During the month of February, the elections are held in the elections, the conservative CDU / CSU alliance holds elections, concludes difficult negotiations with the Social Democrats to form a government. He told Reuters that the impact of US tariffs “should now be at the center of coalition talks.”

Since the election, Mer has seen the ratings of his party approval, as conservative voters become high, he will be able to provide business reforms and tax cuts. Meanwhile, alternative alternative support to Germany (AFD) FAR, which appeared in the second parliamentary force in February.

During the winning the election, Merought the use of ancient parliament to cross the country’s constitutional debt to ensure that it could have to finance defense expenses.

The reform was needed two-thirds of the parliamentary majority, which was unlikely to win the newly elected Bundestag, where AFD and Far-Leve Dive Linke won more than one third of the seats together.

In exchange for its support for defense, SPD has provided 500 billion euros 12-year infrastructure fund to modernize the country’s aging, hospitals and schools.

The package, which can be caused by 1TN euro to Germany in the next decade, has set a seismic change in the fiscal policy for the largest economy in Europe.

But since then, Mers have been brought up in difficult negotiations with social benefits, tax cuts and migration with SPD. The only possible coalition partner of Merz has to establish its members the coalition deal before choosing the chancellor is probably in early May early May.