Bundesbank Warns of Global Trade Disruption from Trump's Tariff Plans

Proposed tariffs by President-elect Trump could significantly impact international trade and increase inflationary pressures.

Donald Trump plans to impose tariffs of 10-20% on European imports and up to 60% on Chinese goods.
Bundesbank President Joachim Nagel warns these tariffs could mark a major shift in global trade dynamics.
Nagel highlights potential inflation increases if countries retaliate with their own tariffs.
Economists express concern about potential trade conflicts and reduced economic growth.
Germany could face a 1% reduction in economic output if these tariffs are implemented.