Trump’s Tariffs Expected to Grind Germany’s Economy to a Halt
The German government scaled back its prediction for 2025 to zero growth, citing the turbulence caused by U.S. tariffs, as well as stubborn bureaucracy and high energy prices.
It Is Happening Every Day, Every Where
The German government scaled back its prediction for 2025 to zero growth, citing the turbulence caused by U.S. tariffs, as well as stubborn bureaucracy and high energy prices.
British officials also announced more financing for exporters as the country sought to protect firms hurt by tariffs.
The uncertainty of higher tariffs has spurred Germany, Italy, Portugal and Spain to announce financial lifelines for businesses and workers. More countries are expected to follow.
Economic turmoil, particularly a rapid rise in government bond yields, caused President Trump to reverse course on the steep levies.
A yet-to-be-named Universal Studios theme park will be the country’s largest tourist attraction when it opens in 2031. But studio executives have not yet said which characters will be featured.
Behind Trump’s new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.
The global trading system is only one example of the administration tearing something apart, only to reveal that it has no plan for how to replace it.
Chinese experts say Beijing is open to talks but is being stonewalled by the State Department and other official channels.
President Trump has offered a confusing mix of reasons for upending global trade relations, leaving America’s biggest trading partners baffled and angry.
While much about the threatened tariffs is still unclear, experts predict they would be bad news for all three economies, with few winners.