Germany will suffer from US import tariffs

File Reuters

GERMANY (VOP TODAY NEWS) — Threats about import tariffs from US President Donald Trump with regard to China will have a negative impact on the German economy, the head of the German Chamber of Commerce of the country said, the Augsburger Allgemeine newspaper reported.

“This is not good at all for the German economy,” said DIHK president Eric Schweitzer.

The United States is preparing a new offensive in the trade war. At this time, the reason for the attack was the recent conclusion of the WTO that Brussels allocates subsidies to the aircraft manufacturing concern Airbus and this is detrimental to American manufacturers.

In Washington, they now began to think about what European goods to impose duties on and save them until Brussels refused to support the airline concern.

Preliminary talk is about civilian helicopters and airplanes from the EU, including directly Airbus airliners, as well as their components. At the same time the list includes products, including olive oil, cheeses, as well as carpets and many other items.

At the same time, it is specified that only products from four European countries: France, Germany, Spain and the UK – are subject to new charges.

“Our ultimate goal is to reach an agreement with the EU to end all subsidies for the construction of large civil aircraft not agreed with the WTO. When the EU terminates these subsidies, the additional US duties imposed in response may be canceled,” a commercial statement said US Representative Robert Lighthizer.

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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