🇺🇸🇩🇪 Bundesbank head says tariffs may crush hopes for growth of the German economy

The head of Germany's Bundesbank warned on Thursday that the high import tariffs U.S. President Donald Trump currently plans to impose on European goods risk wiping out even a modest recovery in Europe's largest economy in the coming years.
Germany is battling to stave off a third consecutive year of recession in 2025, but Trump's 30% tariff on goods imports from Europe would, if implemented, erase whole chunks of transatlantic commerce and force a rethink of its export-led economic model.

"If tariffs materialise in August, a recession in Germany in 2025 cannot be ruled out," Bundesbank President Joachim Nagel said.

The Bundesbank forecast a stagnation this year and slight growth of 0.7% in 2026, before the tariff rate was announced last week.

The projected growth for next year is no longer secure, with Nagel warning it could "possibly be completely eaten up by the tariffs that are now being discussed".

With European leaders hoping they can still win some kind of reprieve from Trump before his August 1 deadline, Nagel urged negotiators to aim for a significant reduction in the announced tariffs, which ideally should not be implemented at all. "That must be the goal."

Turning to any potential EU response if a deal is not reached, Nagel said all options should be considered, including the so-called anti-coercion instrument, which allows the bloc to retaliate against third countries that put economic pressure on EU members to change their policies.

The Bundesbank chief and ECB policymaker also issued a stark warning against interfering with the independence of central banks, following Trump's attacks on Federal Reserve Chair Jerome Powell.

🔗 https://www.reuters.com/business/finance/bundesbank-head-says-tariffs-may-crush-hopes-german-growth-2025-07-17/

🇮🇱❌✝️🇻🇦 Based on photographs, the Israeli tank crew who fired at the Latin Church of the Holy Family in Gaza City, (not a missile as initially reported) aimed at the cross on the church but missed and hit the roof, causing part of it to collapse and crush several people, killing three and injuring a dozen more including the parish priest.

The IDF released a statement “deeply regretting” the “misfire” which resulted in the deaths and injuries at the Latin Church of the Holy Family.

Israel also “deeply regretted” firing at the USS Liberty when it “mistakenly misidentified” the ship as an Egyptian vessel.

@CIG_telegram

🇺🇸😷📹 — U.S. President Donald Trump diagnosed with vein issue after reporting swollen legs Per White House

Luckily, it's nothing serious.

"An echocardiogram was also performed and confirm normal cardiac structure and function. No signs of heart failure, renal impairment or systemic illness were identified."

🔗 Nick Sortor (@nicksortor)

🇪🇸🗳❗️ — The Center-Right, Pro-Israel Spanish People's Party (PP) would win the general elections in Spain with 36.1% of the votes and a 10-point lead over the ruling leftist Pro-Palestine Spanish Socialist Workers' Party (PSOE), according to the DYM survey

🇺🇸🇺🇸🤝🇧🇷😎 — U.S. President Donald Trump once again expressed support for former Brazilian president Jair Bolsonaro (PL), stating that Bolsonaro has fought many times for his country, “even against me, to defend them [the Brazilian people].”

“President Bolsonaro is a good man. I’ve met many prime ministers, presidents, and kings and queens. And I know him, and I’m very good at this. President Bolsonaro is not a dishonest man. He loves the people of Brazil. He fought hard for the people of Brazil. He negotiated trade deals against me for the people of Brazil, and he was very tough. And he was tough because he wanted to get a good deal for his country. He was not a dishonest man. And I believe this is a witch hunt, and it should not be happening.

It’s not just because he’s a friend of mine, but because he’s someone I know. He represents millions of Brazilians — wonderful people. He loves Brazil and fought hard for those people. Now they want to imprison him. That looks like a witch hunt to me, and I think it’s very unfortunate.”

Source 🖇

🇺🇸🇺🇸🤝🇧🇷😎 — U.S. President Donald Trump confirmed that the decision to impose tariffs of up to 50% on imports from Brazil is politically motivated, in response to the legal proceedings against former president Jair Bolsonaro.

“The [tariff] letter says you’re going to pay 30%, 35%, 25%, 20%... in one case, 50% for Brazil, because of what they’re doing to their former president [Bolsonaro]. It’s shameful.

I know the former president. He fought hard for the people of Brazil, that I can say. I believe he is an honest man. I think what they’re doing to him is terrible.”

🇧🇷🤡❌🇺🇸🇺🇸 — Brazilian President Luiz Inácio Lula da Silva (PT) told CNN International that if Donald Trump were Brazilian, he would also be on trial — and possibly even imprisoned:

"I would like to say something to the American people. If Trump were Brazilian, and if he had done what happened at the Capitol, he would also be on trial in Brazil and possibly... He would have violated the Constitution and, according to the justice system, he could also be imprisoned... If all of that had happened in Brazil."

➡️ It’s important to note that there is a monitor in the White House Press Secretary’s room that constantly displays several news networks, including CNN. As a result, Lula’s statement could be interpreted by Trump’s team as a signal of the Brazilian president’s intent to imprison former president Jair Bolsonaro.

💲📈❗️ — Ethereum ($ETH) reaches $3,600 USD/coin

🇺🇸❌🇧🇷 — Laughing, U.S. President Donald Trump calls BRICS a “little group” and says: “[BRICS] is disappearing quickly; they held a meeting and almost no one showed up!”

💬 “We can never let anyone mess with us. That’s why, when we heard about this BRICS group — basically SIX countries — I hit them very hard. We have this little group called BRICS, which is disappearing quickly. But BRICS wanted to challenge the dollar, the dollar’s dominance, the dollar standard.

And I said: anyone in the BRICS bloc, we’ll slap a 10% tariff on you. They had a meeting the next day, and almost no one showed up. They didn’t want to be tariffed — it’s incredible,” Trump said.

🇷🇺🇺🇦 Russia is thought to be days or weeks away from surging into a heightened summer offensive, perhaps using the 160,000 troops Ukrainian officials have said are amassing near their front lines, according to CNN.

https://edition.cnn.com/2025/07/17/europe/ukraine-russia-frontline-summer-offensive-intl

🔗 Faytuks News

🇺🇸❌🇪🇺 Donald Trump pushes for 15%-20% minimum tariff on all EU goods

Donald Trump has escalated his demands in trade negotiations with the EU, pushing for a minimum tariff of 15 per cent to 20 per cent in any deal with the bloc, according to three people briefed on the talks.

The US president’s hardened stance aims to test the EU’s pain threshold after weeks of talks on a framework agreement that would have maintained a baseline tariff of 10 per cent on most goods.

Trump has also been unmoved by the latest EU offer to reduce car tariffs, and would be happy to keep duties on the sector at 25 per cent as planned, said people familiar with the negotiations.

Maroš Šefčovič, EU trade commissioner, gave a downbeat assessment of his recent talks in Washington to the bloc’s ambassadors on Friday, said two people briefed on the meeting.

If Trump insists on permanent reciprocal duties of 15 per cent to 20 per cent they would be as high as they were when trade talks began in April, and could push Brussels towards retaliation, said the senior EU diplomat. The US has also imposed sectoral tariffs of 50 per cent on EU steel and aluminium.

“We don’t want a trade war, but we don’t know if the US will leave us a choice,” they said.
A second EU diplomat added “the mood has clearly changed” in favour of retaliation. “We are not going to settle at 15 per cent,” they said.

📝: European industry, what wasn’t killed by Brussels’ stupid regulations and its dumb energy policies, relies on exports to the U.S. to make a profit. Without those exports, European industry either goes bankrupt or moves to other countries.

Trump’s intention is clear: force European industry to move to the U.S. which he will likely succeed in doing even if a 15% tariff is imposed, let alone a 20-25% or the original 30-35% tariffs announced.

Due to high energy prices, strict environmental regulations and workers’ rights European manufacturing is expensive. It cannot compete with Asian manufacturing, Chinese, Japanese, South Korean or Indian as all of the aforementioned countries produce more and far cheaper.

While stealing Europe’s industry may be beneficial on the short term for Trump as it will create new jobs for the U.S. economy, in the long run, it will make Europe weaker and even more reliant on the U.S. for defense which is not what Trump wanted.

Trump’s tariffs will crush Ursula von der Leyen’s plans of reestablishing European dominance on the world stage and set Europe on a path of political instability and unrest.

🔗 https://archive.ph/2025.07.18-172133/https://www.ft.com/content/43c98c4b-8772-4279-ad55-e46bd22409de

On July 17, Bitcoin spot ETFs recorded $522.6 million net inflows.

Ethereum ETFs recorded $602 million net inflows.

Solana ETFs recorded $8.4 million net inflows. 👀
@Insider_leak_of_theday
Share with your friends