Germany did not rule out the withdrawal of 1,200 tons of its gold reserves from the United States due to duties

Germany may withdraw 1,200 tons of its gold reserves worth €113 billion from the United States due to duties imposed by US President Donald Trump. This was announced on April 4 in The Daily Telegraph newspaper.

The article clarifies that Germany is considering the possibility of withdrawing a huge gold reserve from a vault in New York due to concerns about Trump's "unpredictable policies."

"For decades, Berlin has hidden 1,200 tons of its famous gold reserves, the second largest on the planet after the United States, in a vault deep underground at the U.S. Federal Reserve System in Manhattan," the newspaper wrote.

Now senior figures of the conservative Christian Democratic Union (CDU) party, which is to lead the next German government, are discussing the possibility of taking the gold due to the fact that Washington is no longer a reliable partner, she added.Газета.Ru ".

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On April 5, the head of the European People's Party (EPP) faction in the European Parliament, Manfred Weber, announced the emergence of a new world order in connection with Trump's duties. He also expressed doubt about the return of the "old America" and noted that Washington increasingly sees Europe as an adversary.

On April 2, Trump announced large-scale measures: base tariffs of 10% are being introduced for all products supplied to the United States. For Europe, this figure has been raised to 20%, and for China — to 34%. In his speech, the president called April 2 the day when Americans will become rich again.

Yuri Ichkitidze, an analyst at Freedom Finance Global, said on April 3 that the introduction of new duties could lead to a slowdown in US economic growth in 2025, as well as provoke an increase in inflation. According to him, the negative effect for the United States is associated with the boomerang effect — retaliatory measures and rising prices. Inflation may increase by 1-1.5% this year.