Finance
Scholz cautiously optimistic on U.S.-German partnership after first Trump talks
Published by Global Banking & Finance Review®
Posted on January 21, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 21, 2025
1 min readLast updated: January 27, 2026
Chancellor Olaf Scholz is optimistic about U.S.-German relations after initial talks with President Trump, stressing the importance of cooperation for global peace.
DAVOS, Switzerland (Reuters) - Chancellor Olaf Scholz voiced cautious optimism on Tuesday on the potential for German-U.S. relations under President Donald Trump, citing good first talks with his administration, and stressed that cooperation was key for peace and prosperity.
"The United States is our closest ally outside Europe. And I will do everything in my power to ensure that it stays that way," Scholz said in a speech at the World Economic Forum in Davos, Switzerland.
"My first good conversations with President Trump and also the contacts between our advisers point in this direction," he added.
Speaking on the first full day of Trump's new term in office, Scholz said cooperation between Europe and the United States was key for peace and security worldwide as well as economic progress.
However, the German chancellor added that Europe must become more self-reliant.
Germany's ambassador to Washington has warned internally of turbulent relations under Trump while German companies have sounded the alarm over threatened tariffs under the new U.S. administration.
(Reporting by Andreas Rinke, Writing by Rachel More, Editing by Miranda Murray)
The article discusses Chancellor Scholz's optimism about U.S.-German relations following initial talks with President Trump.
Scholz emphasized the importance of U.S.-German cooperation for global peace and prosperity.
Concerns were raised about potential tariffs on German goods under the Trump administration.
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