As American and European trade negotiators rush to establish a tariff deal before a looming July 9 deadline set by President Trump, uncertainty looms regarding his potential 50% levy on EU imports. This situation raises fears of a trade war, causing global investors to regard the US economy with skepticism. In contrast, Germany's DAX index shows a positive 15% growth. Central bank leaders, like Joachim Nagel, warn of potential turbulence in financial markets if tensions continue, signaling the implications of Trump's trade policies that have already seen the US dollar decline against the euro.
Trump's recent trade policies have led to uncertainty among global investors, leading them to shift their focus toward Europe, and away from the US economy.
Earlier this month, Joachim Nagel, leader of Germany’s Bundesbank, warned that if the US-EU trade conflict isn’t resolved, it could cause fresh turbulence in global markets.
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