Hours after it was revealed that Germany's GDP had performed unexpectedly well in the first quarter—largely driven by strong exports—the future prospects of Europe’s largest economy, and indeed the wider bloc, collapsed dramatically.
US President Donald Trump lost patience last Friday, stating in a social media post that trade negotiations with the European Union were “going nowhere.” He threatened to impose a 50% tariff on EU goods imported into the United States, effective from 1 June.
