German Finance Minister Cites Middle East Conflict and US Tariffs as Global Growth Risks
German Finance Minister Klingbeil said on September 1 that Middle East hostilities and successive US tariff policies are major uncertainties weighing on global economic growth. Speaking on the sidelines of the G20 finance ministers and central bank governors meeting in North Carolina, he noted US actions contribute to slowing global growth and warned that tariff conflicts erode trust, harm all parties, and reduce global prosperity.
German Finance Minister Klingbeil said on September 1 that the Middle East conflict and the successive introduction of US tariff policies are significant uncertainties dragging on global economic growth. His remarks came during the G20 meeting of finance ministers and central bank governors held in North Carolina, where the United States and several European participants disagreed over the wording of the meeting's document.
Klingbeil stated that US actions bear responsibility for the slowdown in global economic growth, emphasizing that tariff disputes undermine trust, ultimately harming all parties and lowering global prosperity.