‘1930s are back’: German economists warn Donald Trump's reciprocal tariff barriers reflect World War-2 era

‘1930s are back’: German economists warn Donald Trump's reciprocal tariff barriers reflect World War-2 era

Economists warned that tariffs could risk trigger a recession in the German economy and drain around a half a percent of national output

Germany ‘heading back to the 1930s’

It is set to be one of the EU countries hit the hardest by Donald Trump’s tariff surge

Donald Trump proclaims comprehensive tariffs and thus explains the trade war to the world. The reaction must therefore fail: it is time to show the backbone – also for Germany.

Germany is returning to the 1930s, a top economist warned on Thursday after the US raised tariffs, while acting Chancellor Olaf Scholz predicted that "there will only be losers" in a trade war, The Telegraph reports.

Today, at the International Public Mirror Board, Graciano Palomo, a journalist, Leticia Chen, President of the Chamber for Spanish-Chinese Cooperation, and Sophie Faughan, an American resident in Spain, discussed the controversial measures taken by Donald Trump. Between mixed opinions and different approaches, experts have offered their views on how these decisions continue to set the course of global politics. Sophie Faughan: “We are not as sel…

The German Chancellor has just announced that the European Union will respond to the American tariffs in a unified, decisive and proportionate manner.