The German banking sector expresses concerns over Trump's tariff plan.

Investing.com – Germany’s banking industry expressed concerns on Monday about President Donald Trump’s proposed tariffs, stating that they pose potential economic risks for both the United States and Europe.

Heiner Huckenhoff, CEO of the German Banking Association, said he is worried about the uncertainty surrounding the new tariffs emerging from Washington.

Huckenhoff stated in an email that this uncertainty is putting pressure on businesses and could threaten economic development on both sides of the Atlantic.

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