The markets reacted negatively to President Trump’s decision to impose tariffs on imports from Mexico, Canada, and China, as well as the announcement of possible tariffs on imports from the European Union and the United Kingdom. Trump stated that this would happen “pretty quickly.” German Chancellor Olaf Scholz criticized these measures, emphasizing that the world should not be divided by trade barriers because globalization brings prosperity to everyone. Scholz stressed the importance of enabling future trade of goods and services.
Trump’s tariffs upset markets; German leader urges trade.
