Germany Mulls Shifting its Gold Reserves from the US Amid Trade War
President Trump’s recent policies have many countries considering the relations they have with America. Recently, he introduced reciprocal tariffs that target 57 countries, with rates soaring to 50%. The tariffs went into effect on April 5th, with each nation having to pay a 10% tariff at a minimum. Now Germany is considering moving its gold reserves from the U.S. Federal Reserve. This is quite a change, considering the European country has stored this precious metal in New York for decades. Germany raked in riches after the second world war when its exports rose significantly, leading to huge trade surpluses. The…