U.S. Tariffs Threaten Europe's Economy

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Global tariffs

CNBC

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World

U.S. tariffs could thrust Germany into recession, central bank governor says

Summary

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U.S. tariffs could push Europe 's largest economy into a recession, German central bank President Joachim Nagel warns.

Nagel: "Now we are in a world with tariffs, so we could expect maybe a recession for this year , if the tariffs are really coming" The tariffs-led uncertainty come at a time when the EU nations could be set to loosen their budgetary strings and accommodate additional defense expenses, with Germany also planning a potential reform of key fiscal policies.

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Informative language

Neutral language

Article tone

formal

Language

English

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not offensive

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not hateful