Lates News

Several major industry associations in Germany stated on the 12th that Europe should not be intimidated by the threat of the United States imposing a 30% tariff on EU goods, and called for seeking equal solutions to reduce reliance on the US. Earlier that day, US President Trump announced that a 30% tariff would be imposed on goods imported from the EU starting from August 1st. The President of the German Wholesale and Foreign Trade Association, Dirk Januella, stated that this was not surprising, as it was one of Trump's "common negotiation strategies". "Europe should not be intimidated by his threats, but should calmly seek solutions through negotiation on an equal basis." Januella pointed out that those who use the global economy as a tool for their political agenda will ultimately harm their own economy and people's interests. He said that Europe should focus on the long-term and continue to reduce its dependence on the US market.