The German Chancellor at the same time noted that the European Union is still promoting the hope of reaching an agreement with the United States.
The European Union has sufficient resources and efforts to respond to any tariff restrictions on part of the United States, but is expected to achieve an agreement that will avoid a trade war. It was said by German Chancellor Olaf Sholts in an interview with Bloomberg.
“We are strong enough to respond to everything that is harmful to the European economy. The German government explained.
The position of Germany and the EU is further associated against behind President US’s statements Donald Trump, who is planning to introduce a 25 percent role in importing iron and aluminum from the EU on March 12, and considered – It is also the possibility of introducing new tariffs for cars in April. In addition, Trump ordered his administration to prepare a plan for custom restrictions for many trading partners, which could have a significant impact on global markets.
Sholts noted that the European Commission, who is responsible for the EU trade policy, is ready for negotiations in the United States to prevent a worsening situation.
Germany – one of Europe’s largest economies – especially sensitive to possible trading restrictions because of its exports. In addition, the country continues to experience economic pressure due to abandonment of cheap Russian energy bearers.
Economic difficulties affect the growth of the Ultra -right Party’s popularity of an alternative for Germany (AFD), which promotes release from Eurozone, eliminating climate policy and strict movement steps.
Remember that British prime minister Cyrus Starmer intends to establish relationships between the United States and Europe against the back of deepening of Ukraine and Trade.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.