Connect with us

Hi, what are you looking for?

Economy

In Davos, Scholz calls for ‘cool heads’, cautious optimism in face of Trump

DAVOS, Switzerland (Reuters) -Chancellor Olaf Scholz voiced cautious optimism on Tuesday on the potential for German-U.S. relations under President Donald Trump, citing good first talks with his administration, but stressed the importance of “cool heads” in the face of uncertainty.

“The United States is our closest ally outside Europe. And I will do everything in my power to ensure that it stays that way,” Scholz said in a speech at the World Economic Forum in Davos, Switzerland.

“My first good conversations with President Trump and also the contacts between our advisers point in this direction,” he added.

Speaking on the first full day of Trump’s new term in office, Scholz said cooperation between Europe and the United States was key for peace and security worldwide as well as economic progress.

However, the German chancellor added that Europe must become more self-reliant.

Germany’s ambassador to Washington has warned internally of turbulent relations under Trump while German companies have sounded the alarm over threatened tariffs under the new U.S. administration.

“In a world that is constantly on the verge of a nervous breakdown when viewed through the prism of social media, cool heads are needed,” Scholz said.

“Not every press conference in Washington, not every tweet should immediately plunge us into agitated, existential debates.”

Nonetheless, Scholz expects Trump to keep the world on its toes over the coming years, particularly in the areas of energy and climate policy, trade and foreign policy.

This post appeared first on investing.com

    You May Also Like

    Editor's Pick

    Adani Group shares experienced a rebound on Monday, recovering from last week’s steep losses sparked by U.S. criminal charges against Chairman Gautam Adani and...

    Economy

    By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers saw conditions falling into place for an imminent rate hike with one predicting a...

    Latest News

    The Department of Defense (DoD) announced two weapons packages for Ukraine on Monday, totaling $2.47 billion. The first of the two, the Presidential Drawdown...

    Latest News

    House lawmakers will soon vote on a bill to avert a partial government shutdown after a similar measure backed by President-elect Trump failed Thursday....



    Disclaimer: Techreportdiversity.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Techreportdiversity.com