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Headlines

Trump tariffs will harm U.S. economy even without Europeean response, says Germany's Scholz

Published by Global Banking & Finance Review

Posted on April 3, 2025

1 min read

· Last updated: January 24, 2026

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Trump tariffs will harm U.S. economy even without Europeean response, says Germany's Scholz

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Trump Tariffs Could Harm US Economy, Says Germany's Scholz

BERLIN (Reuters) - The tariffs announced by U.S. President Donald Trump will put a strain on the United States' exports as well, said German Chancellor Olaf Scholz on Thursday.

At a press conference in Berlin, Scholz also pointed to complex supply chains: "Sometimes there are so many supply chain dependencies that some things are sent back and forth a 100 times. You cannot simply stop that."

He added: "Even if Europe did nothing (in response), it would lead to economic difficulties in the U.S."

(Reporting by Thomas Escritt, Kirsti Knolle)

Key Takeaways

Trump's tariffs may harm US exports.
German Chancellor Scholz highlights supply chain complexities.
Even without European response, US faces economic issues.
Supply chains involve multiple cross-border exchanges.
Scholz's comments made during Berlin press conference.

Frequently Asked Questions

What is the main topic?

The article discusses the potential negative impact of Trump's tariffs on the US economy, as highlighted by German Chancellor Olaf Scholz.

How do supply chains factor into this?

Scholz points out that complex supply chains mean goods are exchanged multiple times, complicating the impact of tariffs.

What was Scholz's main warning?

Scholz warned that even without a European response, the US economy could face difficulties due to the tariffs.

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