US tariffs will bring 'Inflation Day, not Liberation Day': German economy minister

German Economy Minister Robert Habeck has strongly condemned the newly announced US tariffs, warning that they could trigger an economic downturn, lead to a global recession, and disrupt international trade.

Habeck, a member of the Green Party, reacted to US President Donald Trump's announcement on Wednesday of sweeping tariffs against multiple countries and economic regions, including the European Union. The tariffs include a 20% surcharge on imports from the EU, while other nations face a minimum rate of 10%.

“For US consumers, this will be Inflation Day rather than Liberation Day,” Habeck stated, criticizing the move as detrimental to both European and American economies. He further warned that the tariffs could create a downward economic spiral with severe global repercussions. “The US tariff mania could trigger a downward spiral, dragging countries into recession and causing massive damage worldwide—with severe consequences for many people,” he added.

Habeck reiterated Germany's position, highlighting that the EU has consistently advocated for negotiation rather than confrontation with the US administration. “This remains the right approach,” he said. "It’s good that the European Commission continues to aim for a negotiated solution with the US. There's still some time. But if the US doesn’t want a negotiated solution, the EU will provide a balanced, clear, and determined response.”

The German minister also stressed the importance of solidarity among EU member states in addressing the tariffs, noting that “we have the largest common internal market in the world. We must use this strength.”

Copied