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German minister sees 'positive signals' after meeting with Bessent

Published by Global Banking & Finance Review

Posted on May 22, 2025

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· Last updated: January 23, 2026

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German minister sees 'positive signals' after meeting with Bessent
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BANFF, Canada (Reuters) -German Finance Minister Lars Klingbeil is optimistic about relations with Washington after his meeting with U.S. Treasury Secretary Scott Bessent, he told journalists on the

German Finance Minister Optimistic After Meeting with U.S. Treasury Secretary

BANFF, Canada (Reuters) -German Finance Minister Lars Klingbeil is optimistic about relations with Washington after his meeting with U.S. Treasury Secretary Scott Bessent, he told journalists on the sidelines of the Group of Seven (G7) ministerial meeting in Banff, Canada.

"I noticed the positive signals and believe we can build on them," Klingbeil, who also serves as vice chancellor in the new German government, said late on Wednesday.

Klingbeil said that both ministers had agreed to meet again in Washington, with Bessent inviting Klingbeil.

Germany is worried about the impact of U.S. President Donald Trump's sweeping tariff regime on its export-focused economy, which has been mired in downturn for two years.

Bessent has been tasked with renegotiating the United States' trading relationships, with Klingbeil saying after his meeting with the U.S. treasury secretary that the task now was to find solutions.

The German minister also expressed confidence that the G7 finance ministers' meeting in the Canadian Rockies would deliver a joint communique.

It was clear from discussions that the G7 would continue to support Ukraine, Klingbeil said, adding: "That is also an important sign."

(Reporting by Christian Kraemer, Writing by Rachel More, Editing by Kirsti Knolle)

Key Takeaways

  • German Finance Minister optimistic after meeting with U.S. Treasury Secretary.
  • Positive signals noted in German-U.S. trade relations.
  • Concerns over U.S. tariffs impacting Germany's economy.
  • G7 meeting expected to deliver a joint communique.
  • Continued support for Ukraine emphasized by G7.

Frequently Asked Questions

What did German Finance Minister Lars Klingbeil express after his meeting?
Klingbeil expressed optimism about relations with Washington, noting positive signals from his meeting with U.S. Treasury Secretary Scott Bessent.
What concerns does Germany have regarding U.S. policies?
Germany is worried about the impact of U.S. President Donald Trump's tariff regime on its export-focused economy, which has been in a downturn for two years.
What was agreed upon during the meeting between Klingbeil and Bessent?
Both ministers agreed to meet again in Washington, with Bessent inviting Klingbeil for further discussions.
What did Klingbeil say about the G7 finance ministers' meeting?
Klingbeil expressed confidence that the G7 finance ministers' meeting in the Canadian Rockies would deliver a joint communique.
What support did Klingbeil mention regarding Ukraine?
Klingbeil indicated that the G7 would continue to support Ukraine, which he described as an important sign from their discussions.

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