Reported about 5 hours ago
German Finance Minister Lars Klingbeil emphasized the necessity of rapidly resolving the ongoing global trade conflict during discussions with G7 counterparts in Durban. He insisted on the importance of reaching a fair agreement on tariffs between the U.S. and Europe, warning that proposed tariffs on EU imports could significantly harm Germany's export-driven economy. Bundesbank President Joachim Nagel echoed these concerns, highlighting the global repercussions of tariff uncertainty and urging the U.S. not to toy with the situation, as it threatens collective prosperity. Klingbeil confirmed the EU's readiness to implement countermeasures if no deal is reached by the deadline, stressing the protection of European jobs and companies.
Source: YAHOO