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

ReutersApr 7, 2025 9:46 AM

BERLIN, April 7 (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.

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