Global trade war is looming at this time around, especially after Donald Trump won the U.S. presidential election overwhelmingly, who floats the ideas that the U.S. will impose tariffs on almost all the imports, no matter where they come from.
German Finance Minister Christian Lindner recently warned that if the U.S. kicked off a trade war with the European Union, there could be retaliation.
Lindner said that trade controversy sees never winners, only losers. She thinks that what U.S. trade policy could look like is a key issue, which will have significant implication around the globe. In that case, Lindner thinks that German needs diplomatic efforts to convince that it is not the best interests of the U.S. to have a trade war with the EU.German would have to consider retaliation.
If such a 20% tariff were implemented by the U.S., the EU’s and Germany economy will be hit hardly, which will have huge impact on Germany economy, which has been struggling in recent years.
If you want to know more details to provide support for your investment and business activities, this financial report that we have selected for you can give you what you want, please subscribe to read it. FORESIGHT which is the preeminent internal reference about equity markets, will provide more forward-looking and compelling investment suggestions to investors.
Subscribe to -unlock this article
Audience
per year
Subscriber