German Economic Weekly: US tariff policy may trigger a new European debt crisis
The German "Wirtschaftswoche" website published an article by economist Desmond Rahmann on the 7th titled "Trump may trigger a new European debt crisis." The article believes that various signs indicate that the new US government is targeting Europe, especially Germany, as its next target in the trade war. European decision-makers should prepare for a trade war. The US recently threatened to impose a 25% tariff on products imported from the EU. However, the US government may want to consider the economic difficulties on the European continent: the German economy is currently in a slump, while Italy and France are working to address more serious public debt issues. Perhaps by then, the US government will realize that its tariff policy - as part of the "America First" agenda - may trigger an economic recession in Europe and a debt crisis in the Eurozone.
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