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Germany: New US tariffs an attack on the global trading system
[03/04/2025 04:54]
BERLIN-SABA
The German government has confirmed that the new tariffs announced by US President Donald Trump are an economic mistake and represent an attack on the global trading system.

Outgoing Federal Chancellor Olaf Scholz said in a statement on Thursday that the imposition of U.S. tariffs would hurt the entire global economy, both for businesses and consumers around the world and in the United States as well.


GDP grows 0.3 percent in Eurozone, EU in 1Q
Jordan's exports to GAFTA grows 12.2 percent in February
Oil rises as market awaits U.S.-China trade talks
Trade between China and Arab countries exceeds $400 billion in 2024
Oil prices fall to $65.61 a barrel
Japan reveals emergency economic package to manage effects of U.S. tariffs
Sterling falls against dollar, euro
UN-ESCWA warns of repercussions of US tariffs on Arab economies
Gold near highest record amid continued escalation of trade tensions
Oil rises, boosted by new tariff exemptions

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