With his customs announcements on foreign products, Donald Trump brought the world in a shock rigid. Numerous heads of government and economic researchers now fear that a total trade war will break out. The German Minister of Economic Affairs Robert Habeck even compared the American rates with the attack of Russia with the American rates.
The decision of the United States of the previous evening was “at the start of the term, namely with the attack war on Ukraine and the approaching gas lid,” said Habeck in Berlin. It is the most disturbing customs increase in 90 years. The representation of US President Donald Trump, according to which the United States is advised too much in their trade relations, is wrong, Habeck emphasizes.
Unequal distribution “Domestic problem of the United States”
“Globalization means that we work in the world and won generally. And one of the greatest globalization winners is the United States.” The United States would have had considerably higher growth rates in recent years than Europe. “The fact that you do not spread this fairly in your country is your domestic problem, but it’s just wrong.”
Scholz: “There will only be losers”
The German Chancellor Olaf Scholz described the new American rates as “Basic Falsch” and as an “attack” on the worldwide trade order. “The entire world economy will suffer from these unemployed decisions,” said the social -democratic politician. The US government leaves a road, at the end of which there will only be losers. At the same time, Scholz emphasized that the EU, as the largest economic area with 450 million inhabitants, would show that it has “strong muscles”. It will respond “closed and uniform”.
EU is preparing countermeasures, but remains ready to talk
EU president -President Ursula von der Leyen said that the universal rates against the whole world are a difficult blow to the world economy, and enormous consequences are to be expected. “Millions of people will be confronted with higher food calculations. Medicines will become more expensive, as well as transport. Inflation will increase. And this is mainly damaged by the economically weakest citizens,” she said on the sidelines of a top of the state and the government in Uzbekistan.
After the announcement of Trump, the EU is preparing an answer, but he wants to stay ready to talk. “We have already completed the first package of measures in response to the steel rates and can now propose further measures to protect our interests and companies if the negotiations fail,” said Leyen.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
