According to a report on the German news television channel website on April 12, Clemens Feist, director of the Munich Institute for Economic Research, warned of a new world economic crisis. In an interview with the Süddeutsche Zeitung, he said: “Unfortunately, this possibility cannot be ruled out.” He said that although Americans alone cannot plunge the world economy into crisis, “it would be a huge danger if protectionism spreads faster. If all parties move in the wrong direction, it could lead to a major crisis”. At the same time, Americans are also undermining their reputation as reliable contract partners. “This is dangerous because the US remains the most important economic power in the world,” Pfister emphasized. Pfister believes that the sharp drop in US Treasury bonds prompted US President Donald Trump to suspend several tariffs for 90 days. He told the “Süddeutsche Zeitung”: “Everything that is happening now is a warning sign for the American people and the financial system of the world as a whole. Two-thirds of the total market value of the global stock market is in the US stock market, and the US dollar is the world's anchor currency. If all of this were to collapse, the consequences would be unimaginable.”

According to a report on the German news television channel website on April 12, Clemens Feist, director of the Munich Institute for Economic Research, warned of a new world economic crisis. In an interview with the Süddeutsche Zeitung, he said: “Unfortunately, this possibility cannot be ruled out.” He said that although Americans alone cannot plunge the world economy into crisis, “it would be a huge danger if protectionism spreads faster. If all parties move in the wrong direction, it could lead to a major crisis”. At the same time, Americans are also undermining their reputation as reliable contract partners. “This is dangerous because the US remains the most important economic power in the world,” Pfister emphasized. Pfister believes that the sharp drop in US Treasury bonds prompted US President Donald Trump to suspend several tariffs for 90 days. He told the “Süddeutsche Zeitung”: “Everything that is happening now is a warning sign for the American people and the financial system of the world as a whole. Two-thirds of the total market value of the global stock market is in the US stock market, and the US dollar is the world's anchor currency. If all of this were to collapse, the consequences would be unimaginable.”