German Finance Minister prefers zero to solve the zero tariff

Joj Cookies, Acting German Finance Minister, told CNBC on Thursday that confidence between Europe and the United States has not yet broken, although President Donald Trump’s aggressive and aggressive policies were aggressive, and German Finance Minister CNBC said on Thursday.

“In order for confidence to be broken, a lot must happen because the via Atlantic partnership has been built over many decades to the extent that we will not be transferred through the definitions statement,” CNBC of CNBC said on the sidelines of the World Fund.

Kukies added that during a previous visit to Washington, shortly after the definitions by 25 % on all imported cars to the United States It is announcedThere appears to be an interest in reaching an agreement.

He said that Europe and the United States have different interests, and both parties need to understand each other. “But this is not the first time that the United States and Europe negotiated on definitions, so I don’t think we are anywhere near the moment of the crisis.”

Kukies hit a positive tone when referring to the conversations, saying “everything is going in a negotiating position” with the “optimistic” bloc that it can solve differences.

Kukies stated that the zero tariff agreement against zero is its favorite result. This is compatible with what European Commission President Ursula von der Lin has Call to.

However, Trump already has unacceptable A proposal from the European Union to obtain a deal that would see zero percent duties on industrial goods imported from the United States as well as on imports from the European Union.

Germany is currently subject to 10 % of the customs tariff – Decline The rate announced by Trump after initially imposed 20 % duties.

The struggling economy in the country is highly dependent on trade, as the United States is its most important trading partner. Therefore, it is expected that Trump Germany’s introductory disorders will strike.

Earlier on Thursday, the German government reviewed its expectations for economic growth in the country, saying it is now expecting a recession in 2025. This compares to January estimate From 0.3 % growth.

Acting Minister of Economy Robert Habik was martyred at a press conference by US President Donald Trump’s policies and its impact on the German economy as the main cause of the descending review.

the International Monetary Fund In the latest Global economic outlookAnd published earlier this week, reduced its expectations for the German economy as the authority is now 0.2 % shrinking.

Germany’s economy was fighting for some time, Contract In both 2023 and 2024 on an annual basis. However, the country avoids a technical stagnation, characterized by forty consecutive shrines. The latest domestic product data is scheduled to be released next week.

There can also be some Positives On the horizon after specialization Financial packageWhich can lead to a significant increase in investment, was dedicated to the German constitution earlier this year. Changes on the base of long -term debt brakes that are scheduled to allow high defense spending, in addition to an investment fund in infrastructure 500 billion euros ($ 569 billion).

Germany’s debt brake limits the amount of debts that the government can take and dictate the size of the structural budget deficit of the federal government