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Home > Headlines > German government monitoring tariff fallout 'very closely', spokesperson says

Headlines

German government monitoring tariff fallout 'very closely', spokesperson says

Published by Global Banking and Finance Review

Posted on April 7, 2025

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BERLIN (Reuters) - Germany's outgoing Chancellor Olaf Scholz is in touch with European leaders and German companies to make sense of U.S. President Donald Trump's sweeping tariff regime and its impact on financial markets, a government spokesperson said on Monday.

"We are of course monitoring the situation on the international financial markets very closely," the spokesperson told a regular press briefing in Berlin.

Scholz held talks in recent days with British Prime Minister Keir Starmer and EU trade commissioner Maros Sefcovic, with other meetings planned, the spokesperson added.

(Reporting by Rachel More, Editing by Miranda Murray)

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