In a Handelsblatt interview on Saturday, German Chancellor-in-waiting Friedrich Merz said, US “President Trump’s policies are increasing the risk that the next financial crisis will hit sooner than expected.”

Further comments

"Yes, I’m hoping for a new transatlantic free-trade accord.”

“Zero percent tariffs on everything. That would be better for both sides.”

“Europe would have to focus on non-US markets if the US decided to bow out of global trade entirely.”

“We Europeans need to come up with a persuasive response.”

Source: Fxstreet