The duties 30% on imports from the European Union, with whom the Donald Trump, It will be harmful to both Europe and the United States, German Economy Minister Katerina Reae said today demanding a pragmatic solution to the escalating trade war.
“Duties will hit European export companies harshly. At the same time they will have a strong impact on the economy and consumers on the other side of the Atlantic,” he said in a statement sent by e -mail, commenting on Donald Trump’s announcements.
The Minister of Finance called on the EU to negotiate in a “realistic way” with the United States, following Donald Trump’s threats to impose a 30% duty on August 1 on European products.
“The EU must now, in the remaining time, must negotiate a solution with the United States that focuses on the main points of the conflict,” said Katerina Reiche.
“The European Commission (responsible for negotiations on the part of the 27 EU Member States, ed.) Has our support of this approach,” the German minister added.
“A realistic result must be achieved quickly in the negotiations,” he said.
Germany is at the forefront of the impact of the US trade attack, as its economy is largely dependent on exports to the United States, mainly in industry, chemicals, pharmaceuticals, automakers, steel industry and machinery.
In recent weeks, Chancellor Friedrich Mertz has called on the EU to come up with a “simple” agreement with Washington, prioritizing these basic areas, even if it means consensus in a superconduction in other products.