Germany’s Merz: US President Trump’s policies are increasing the risk of next financial crisis

Dhwani Mehta FXStreet

In a Handelsblatt interview on Saturday, German Chancellor-in-waiting Friedrich Merz said, US “President Trump’s policies are increasing the risk that the next financial crisis will hit sooner than expected.”

Further comments

"Yes, I’m hoping for a new transatlantic free-trade accord.”

“Zero percent tariffs on everything. That would be better for both sides.”

“Europe would have to focus on non-US markets if the US decided to bow out of global trade entirely.”

“We Europeans need to come up with a persuasive response.”

Market reaction

As investors digest the weekend's US tariffs news, EUR/USD is losing 0.23% on the day to trade near 1.1330.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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