https://sputnikglobe.com/20250203/you-have-something-to-lose-too-german-economy-minister-warns-trump-of-eu-counter-tariffs-1121530899.html
‘You Have One thing to Lose Too’: German Financial system Minister Warns Trump of EU Counter-Tariffs
‘You Have One thing to Lose Too’: German Financial system Minister Warns Trump of EU Counter-Tariffs
Sputnik Worldwide
German Financial system Minister Robert Habeck warns Donald Trump of EU counter-tariffs.
2025-02-03T06:47+0000
2025-02-03T06:47+0000
2025-02-03T06:47+0000
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The European Union WILL NOT BE INTIMIDATED by Donald Trump’s promise of impending tariffs on EU items, and is able to retaliate, German Vice Chancellor and Financial system Minister Robert Habeck has warned. Habeck, the Inexperienced Occasion’s candidate within the upcoming German federal election, emphasised that import duties improve prices not just for European exporters, but in addition for US firms and customers. The minister cautioned in opposition to the dangers of a commerce battle, notably for Germany, stating that “Trump is primarily focusing on the German economic system and German firms. Inside Europe, Germany is essentially the most weak, as we now have the most important commerce surplus with the US.”US President Donald Trump signed an govt order imposing commerce tariffs of 25% on items from Canada and Mexico, and 10% duties on China imports on February 1, whereas additionally promising to put new tariffs on the EU “fairly quickly.” “The EU would reply firmly to any buying and selling accomplice that unfairly or arbitrarily imposes tariffs on EU items,” a Brussels spokesperson mentioned on Sunday.
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us president donald trump, trump hits canada, mexico, tariffs, items from canada, mexico, commerce battle, us commerce tariffs in opposition to eu, eu guarantees to retaliate with counter-tariffs in opposition to us
us president donald trump, trump hits canada, mexico, tariffs, items from canada, mexico, commerce battle, us commerce tariffs in opposition to eu, eu guarantees to retaliate with counter-tariffs in opposition to us
After US President Donald Trump signed an govt order imposing 25% tariffs on items from Canada, Mexico and 10% duties on China imports, he warned that the European Union would undoubtedly additionally face levies “fairly quickly.”
The European Union WILL NOT BE INTIMIDATED by Donald Trump’s promise of impending tariffs on EU items, and is able to retaliate, German Vice Chancellor and Financial system Minister Robert Habeck has warned.
“As Europeans, we’re ready for counter-tariffs. The People should know: It is a very dangerous various,” he mentioned.
Habeck, the Inexperienced Occasion’s candidate within the upcoming German federal election, emphasised that import duties improve prices not just for European exporters, but in addition for US firms and customers.
“We’ll make it clear to the People: YOU ALSO HAVE SOMETHING TO LOSE. But when that doesn’t work, we can’t permit ourselves to be pushed round,” he added.
❗️💵 TRUMP SLAPS TARIFFS ON CANADA, MEXICO, CHINA – REPORTS
🪙 Mexico – 25%
🪙 Canada – 25% (power sources – 10%)
🪙 China – 10%
The chief order consists of an possibility to extend them if any nation imposes retaliatory measures in opposition to Washington, Sky Information reported. pic.twitter.com/RJXBb3fskG
— Sputnik (@SputnikInt) February 1, 2025
“The EU would reply firmly to any buying and selling accomplice that unfairly or arbitrarily imposes tariffs on EU items,” a Brussels spokesperson mentioned on Sunday.
