Friedrich Mirz says that the American definitions create a “urgent” problem for Germany

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Friedrich Mirz, a consultant in Germany, warned of the “dramatic” influence of American definitions on global markets and Germany, in his first comments since US President Donald Trump revealed full fees against the European Union.

“The situation in the international stocks and stock markets is exciting and threatens to deteriorate more,” he told Reuters on Monday. “So it is more necessary than ever that Germany regains its international competitiveness as quickly as possible.”

20 percent Definitions In all European exports, they come at a time of sharp political and economic challenges for Germany and the risk of eradicating any gains from Mirz, which has been spent by 1 Tourne to increase the country’s defense industry and the aging infrastructure.

European stocks decreased when stock markets opened on Monday, as the Stoxx EuropE 600 decreased by 5.7 percent, while DAX decreased in Germany by 6.4 percent after it fell shortly by more than 10 percent. FTSE 100 decreased 5.1 percent.

The largest economy in the euro region depends on exports to the United States for about 4 percent of its gross domestic product – more than France or Italy. the German economy The recession was for three years as it was exposed to the increase in energy costs, and the demand for German goods in China and fierce competition from Chinese competitors.

According to the estimates of the Colonia Institute of Economic Research, the complete economic damage to the German economy during the four -year Trump period can add up to 200 billion euros, which leads to the level of gross domestic product that is 1.5 percentage points in 2028. The United States represents one out of every 10 German exports.

“In the short term, the next government will struggle to expand the trauma of immediate trade,” the economists in Deutsche wrote in a memo on Monday, adding that Germany may face until a third year of declining GDP in 2025.

The IFO Institute for Economic Research in Munich said last week: If it is implemented in the full American definitions, it will greatly harm the German economy and can lead it to contract this year. “Some major industries such as cars and mechanical engineering will be particularly difficult,” she said.

“Since the economy of Germany is already running, it is possible that the American definitions will drive economic growth in Germany without scratch,” said IFO Clements Feed’s president.

Mirz, who won the conservative CDU/CSU bloc, which won elections in February, under increased pressure to conclude complicated talks with social Democrats to form a government. Reuters told that the impact of the customs tariff “should now be at the coalition negotiation center.”

Since the elections, Mirz witnessed that the categories of the approval of his party, as conservative voters, will be able to submit the pro -business reforms and discounts. Meanwhile, the support of the far -right alternative to Germany (AFD), which has emerged as the second largest parliamentary force in February vote.

Within days of winning the elections, MERZ took the extraordinary step of using the old parliament to reform the country’s constitutional limit to allow unlimited borrowing to finance defense spending.

The reform needed a two-thirds parliamentary majority, which was unlikely to win in the newly-elected Bundestag, where Linke, who dies from AFD and Hand-Left, won more than a third of the seats.

In exchange for its support for defense, SPD got the creation of a 500 billion euros infrastructure fund for 12 years to modernize roads, hospitals and schools in the country.

Package – which can lead to Germany to add an estimated 1 Triot in borrowing in the next decade – was marked by a seismic shift in the financial policy of the largest economy in Europe.

But since then, MERZ has been involved in difficult negotiations with SPD on social benefits, tax discounts and immigration. Merz’s only potential coalition partner needs to agree to the coalition deal before Merz as a consultant, perhaps in early May, according to the party’s familiar with.