With the U.S. imposing steep tariffs on European imports, Europe’s largest economy may be on the verge of a downturn, according to Germany’s central bank. The head of Germany’s central bank, Joachim Nagel,

Ongoing U.S. tariffs could push Europe’s largest economy into a recession, German central bank President Joachim Nagel warned.

Europe was right to respond to U.S. tariffs but a trade war is a negative for all sides involved and could push Germany, the bloc's biggest economy, into recession this year, Bundesbank President Joachim Nagel told the BBC.

Germany's central bank president says US tariffs and retaliation to them could tip Europe's largest economy into recession again.