German Finance Minister Jörg Kukez predicted that Germany will enter a prolonged economic downturn in 2025. He warned that escalating trade tensions represent a real threat to the global economy and portend an undoubted economic recession.
The German finance minister suggested that the EU negotiate from the principle of "zero tariffs" with America, noting that the importance of sending positive signals to Washington that we are ready to negotiate tariffs.
For his part, German Economy Minister Robert Habeck warned that we need a strong response to Trump's tariffs, stressing the importance of a unified European position. "We have time to reach a negotiated agreement."
Germany stands out as the most affected European country, due to its large trade surplus with the United States, which amounted to 92 billion euros in 2024, as the German automotive sector faces additional pressure in light of its declining position in the Chinese market and the challenges associated with the shift towards electric cars.
Source (Al-Arabiya.net Website, Edited)
