An influential German business leader on Tuesday criticized U.S. President Donald Trump for his protectionist policies, warning that it could trigger a global recession, according to Deutsche Presse-Agentur (DPA) reports.
“By winning the election, Donald Trump has now got his dream business and sees the U.S. as his company,” Anton F Boerner, head of the German Federation of Wholesalers, Foreign Trade and Services (BGA), was quoted as saying.
“If the U.S. president’s ideas for new trade barriers were to be implemented, in particular against China, it would have a catastrophic effect on the export-oriented German economy as well as for our country,” Boerner said.
As a result, a global recession would be inevitable, he said.
Boerner indicated that Germany should consider new alliances with nations in Asia, Latin America and Canada to offset the negative effect resulting from Trump’s policies.
“We must be hard and self-assured, which is the only thing that impresses Trump the entrepreneur,” he added. Enditem