Trump’s Tariff Policies Pushing Global Economy to the Brink, Warns German CEO

July 21, 2025 - 05:05

US President Donald Trump's fluctuating tariff policies are pushing the global economy toward a crisis, according to Christian Kullmann, the chief executive of Evonik, Germany's second-largest chemicals company. In an interview with a German business daily, Kullmann expressed concern over the ongoing uncertainty created by the potential for new tariffs, stating that this "permanent threatening" is detrimental to economic stability worldwide.

Kullmann's remarks reflect a growing anxiety among business leaders regarding the impact of trade policies on international markets. The unpredictability of tariffs not only disrupts supply chains but also creates a climate of fear and hesitation among investors and companies. As businesses grapple with these challenges, many are calling for a more stable and predictable trade environment that fosters growth rather than instability.

The implications of such policies extend beyond borders, affecting global trade dynamics and economic relationships, making it crucial for leaders to address these concerns to avert a potential crisis.