In a recent announcement, the German government highlighted that the downturn in financial markets serves as a critical alert, indicating that a trade war will result in widespread losses. Government spokesman Steffen Hebestreit addressed the media, emphasising the necessity for intelligent and decisive action to prevent escalating tensions. He acknowledged the complexities of predicting the full economic impact, particularly on Germany’s export-dependent economy, as it grapples with the newly imposed US tariffs.
The German government warns that the trade war will lead to inevitable losses for all parties involved. Spokesman Steffen Hebestreit calls for intelligent action to prevent escalation, while the impact on Germany’s export-heavy economy remains uncertain due to newly introduced US tariffs.
In summary, the German government stresses the urgent need for measured responses to avert a trade war, recognising the deleterious effects on both economies. Hebestreit underscores the unpredictability of the economic fallout, calling for collaboration to ensure stability in global trade.
Original Source: en.vijesti.me
