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.”
A hospital in southern Germany has begun using drones to fly blood samples between sites, significantly cutting delivery times and ensuring reliability regardless of road traffic conditions.
Germany is steadily losing export market share to China within the European Union, according to a report released Monday by the KfW Development Bank.
German President Frank-Walter Steinmeier assured NATO allies on Monday that Germany would enhance its military and infrastructure contributions to Europe's defense, in response to the ongoing war in Ukraine and growing concerns over the U.S. commitment to European security.
Germany's next chancellor, Friedrich Merz, on Monday announced his first major cabinet nominations. He selected energy executive Katherina Reiche as the likely economy minister and close ally Johann Wadephul, a foreign policy expert, as foreign minister.
Greece has ruled out accepting refugee returns from Germany, citing overwhelming migration pressure and a lack of burden-sharing within the EU.
The Trump administration is reviewing possible changes to a Biden-era rule that restricts global access to advanced AI chips, including potentially scrapping the current system that divides countries into three tiers, according to three sources familiar with the matter.
China has renewed its call for a permanent ceasefire in Gaza and demanded that Israel cease its military operations in Lebanon and Syria, warning of escalating instability across the Middle East.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 23rd, covering the latest developments you need to know.
For three generations, the Liebigs built railcars in Görlitz. Now, the factory that shaped their lives will produce parts for battle tanks.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
The Trump administration is reviewing possible changes to a Biden-era rule that restricts global access to advanced AI chips, including potentially scrapping the current system that divides countries into three tiers, according to three sources familiar with the matter.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
North Korea has conducted the first weapons test on its new “Choe Hyon-class” warship, firing cruise missiles, anti-air missiles, and artillery, state media reported on Wednesday.
Pakistan’s Information Minister Attaullah Tarar said on Wednesday that India is planning a military strike within the next 24 to 36 hours, citing credible intelligence.
The Trump administration is reviewing possible changes to a Biden-era rule that restricts global access to advanced AI chips, including potentially scrapping the current system that divides countries into three tiers, according to three sources familiar with the matter.
China has renewed its call for a permanent ceasefire in Gaza and demanded that Israel cease its military operations in Lebanon and Syria, warning of escalating instability across the Middle East.
President Donald Trump said on Tuesday he believes Russian President Vladimir Putin wants to end the war in Ukraine, even as missile strikes continue across the country.
President Vladimir Putin has signed a decree renaming Volgograd International Airport as Stalingrad, invoking Soviet wartime memory as Russia continues its war in Ukraine.
European Commission President Ursula von der Leyen on Tuesday invited global scientists to make Europe their new home, amid rising pressure on U.S. universities under the Trump administration.
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