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Trump's 'irresponsible war' to blame for economic slowdown, German minister says
Key takeaways
- Lars Klingbeil said the US president's actions in the region had caused a "global energy shock".
- German officials have slashed the projected tax revenue for 2026-2030 by around €70bn ($82bn; £60.52bn).
- Since coming to office a year ago, Chancellor Merz has often indicated that Trump's policies have changed the traditionally close relationship between the US and Europe.
Why this matters: an international story with cross-border implications worth tracking.
Tom Mc Arthur EPALars Klingbeil's comments risk exacerbating a row between the two Nato allies Germany's finance minister has blamed Donald Trump's "irresponsible war in Iran" for a big drop in his country's expected tax revenues.
Lars Klingbeil said the US president's actions in the region had caused a "global energy shock".
German officials have slashed the projected tax revenue for 2026-2030 by around €70bn ($82bn; £60.52bn). The downgrade "shows just how much the war in Iran is harming our economy", Klingbeil said in Berlin.
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