Trump holds a rally with supporters at the Suburban Collection Showplace in Novi, Michigan, U.S.

German government believes Trump would ravage U.S. economy: Spiegel

Trump holds a rally with supporters at the Suburban Collection Showplace in Novi, Michigan, U.S.Germany’s economy ministry believes a Donald Trump presidency would severely damage the U.S. economy, according to an internal memorandum reported by Der Spiegel magazine on Saturday. The ministry expects “shrinking gross domestic product, fewer jobs and higher unemployment,” in the United States if the Republican candidate were to implement his campaign pledges, the magazine cited the memo as saying. Trump, a billionaire businessman seeking his first public office, has proposed tax cuts worth $4.4 trillion and wants to curb government regulation and take a tougher stance on negotiating trade deals.

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