Warning from a financial crisis .. a German official calls for a new trade agreement with America

The upcoming German adviser, Fredchich Mertz, warned of the increasing risk of a financial crisis due to the customs duties imposed by the American President.
“Meretz” called for a new trade agreement with the United States, according to a lengthy interview with the Economic Handblins.

The effect of American customs duties

The German official said, “President Trump’s policies increase the risk of coming before expected,” stressing that the Europeans must be convincing.
Governor Friedrich Mertz, who is expected to officially take over the position of Chancellor on May 6, intends to send a message that Europe is “a political entity capable of behaving and ready for that, and defends his interests and values ​​with confidence” when he goes to Washington on his first visit, which has not yet been set.
He added that the other message will be “we want good and strong relationships, adding:” I hope that it will reach a new free trade agreement, so that the customs duties are zero on everything. “

Import raw materials from America

He expressed his regret that Europe had previously failed to reach a commercial partnership agreement.
He also expressed his openness to the idea of ​​importing more raw materials from the United States, which Trump demands.
“We need gas and American gas as well, but we must always have several suppliers and not to rely on only one,” he added.

The continuation of the trade war

This comes as the trade war between China and the United States continues, while the Europeans live in a state of anticipation after the US President declared a 90 -day freeze for the largest fees imposed on 60 of his country’s commercial partners.
I maintain other fees on steel, aluminum and cars, especially against the European Union.
These measures, especially the German economy, which depends largely on export and the powerful auto industry.