On March 8th, the website of German Economic Weekly published an article by economist Desmond Rahman titled “Trump may trigger a new European debt crisis”. The article believes that various signs indicate that the new US government is making Europe, especially Germany, its next target in the trade war. European decision-makers should be prepared for a trade war. The United States recently threatened to impose a 25% tariff on products imported from the European Union to the United States. However, the US government may need to consider the economic difficulties on the European continent: the German economy is currently in a slump, while Italy and France are struggling to address their more severe public debt problems. Perhaps by then, the US government will realize that tariff policies – as part of the ‘America First’ agenda – could trigger an economic recession in Europe and a debt crisis in the eurozone. (CCTV News)
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