UNITED STATES (VOP TODAY NEWS) — According to the German Minister for the Economy, the European Union (EU) is ready to react to the rise in US tariffs.
“The European Union wants to avoid a trade war with the United States, but the bloc is ready to respond to their unilateral decisions and to defend its own interests,” said the German minister of the Economy, Peter Altmaier.
“I think wars are usually not a good idea and trade wars are not good either, because in the end they do not benefit anyone,” he said in a televised debate on the ZDF chain. And to continue: “Therefore, the goal and the general interest are to avoid the trade war. ”
He added that the EU wanted to resolve the dispute with the United States by agreeing to reduce tariffs.
“However, if Washington decides to unilaterally impose higher tariffs, Brussels will provide an appropriate response so that everyone knows that we protect and defend our own interests,” he reiterated.
The German Economy Minister described the current relations between the EU and the US as “an important and decisive phase”, saying the EU must act in a transparent manner and demonstrate its negotiating capacity.
“The imposition of tariffs on cars will leave destructive impacts around the world. So, the United States and Europe have to reduce their tariffs, “he concluded.
This article is written and prepared by our foreign editors writing for VOP from different countries around the world – edited and published by VOP staff in our newsroom.
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