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

Published by Global Banking & Finance Review

Posted on April 7, 2025

1 min read

· Last updated: April 7, 2025

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Germany Closely Monitors Tariff Impact on Financial Markets

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)

Key Takeaways

  • Germany is monitoring US tariff impacts on markets.
  • Chancellor Olaf Scholz is in talks with EU leaders.
  • Meetings with UK and EU officials are ongoing.
  • Financial markets are under close observation.
  • The situation is developing with planned discussions.

Frequently Asked Questions

What is the main topic?
The main topic is Germany monitoring the impact of US tariffs on financial markets.
Who is Olaf Scholz meeting with?
Olaf Scholz is meeting with European leaders, including the UK Prime Minister and EU trade commissioner.
Why is Germany monitoring the situation?
Germany is monitoring to understand the impact of US tariffs on international financial markets.

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