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Germany could suffer recession on U.S. tariffs, Bundesbank chief says
Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Bundesbank President warns U.S. tariffs could push Germany into recession, impacting Europe's largest economy. Trade wars harm all involved.
FRANKFURT (Reuters) - Europe was right to respond to U.S. tariffs but a trade war is a negative for all sides involved and could push Germany, the bloc's biggest economy, into recession this year, Bundesbank President Joachim Nagel told the BBC.
"We are in a world with tariffs, so we could expect maybe a recession for this year, if the tariffs are really coming," the BBC quoted Nagel as saying on Thursday.
"I hope that there is the understanding within the Trump administration that the price that has to be paid is the highest on the side of the Americans."
(Reporting by Balazs Koranyi; Editing by Bernadette Baum)
The main topic is the potential impact of U.S. tariffs on Germany's economy, possibly leading to a recession.
U.S. tariffs could push Germany into a recession by negatively impacting trade and economic stability.
Bundesbank President Joachim Nagel commented on the potential recession due to U.S. tariffs.
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