FRANKFURT AM MAIN: US President Donald Trump "will not succeed" in dividing European countries against one some other over trade, German Economy Minister Peter Altmaier warned nowadays ahead of a talk over with to Washington.
In the European Union "we are a customs union and act collectively. It cannot be in the interest of the US government to divide Europe, nor will it succeed," Altmaier told German business day by day Handelsblatt.
For the close ally of Chancellor Angela Merkel, most sensible of the time table at meetings in america capital might be Trump's planned tariffs of 25 % on imported steel and 10 % on aluminium.
The US leader says the surprise measures are in accordance with "unfair" trade practices, however the EU has vowed to retaliate -- including with levies on imports of whiskey or motorcycles -- elevating the spectre of a tit-for-tat trade warfare.
"Companies and consumers on both sides would foot the bill if the US and Europe tumble into a trade war," Altmaier mentioned.
Meanwhile, nations like China that stand accused of flooding international markets with reasonable steel could be "laughing on the sidelines", he added.
In a remark Saturday, Merkel's office mentioned the German leader had spoken with Chinese President Xi Jinping.
The two backed proceeding talks some of the G20 workforce of industrialised and emerging countries on reducing steel overproduction which have up to now had little have an effect on.
Altmaier allowed that "global free trade is certainly not perfect yet," including that if Washington is gloomy "we have to talk about it rather than acting unilaterally."
Responding to Trump's threat to slap tariffs on German automotive imports if the EU retaliates over his metals levies, Altmaier added that "German cars are successful in all world markets because they're so good. Higher border taxes would be the wrong response to that."
In the European Union "we are a customs union and act collectively. It cannot be in the interest of the US government to divide Europe, nor will it succeed," Altmaier told German business day by day Handelsblatt.
For the close ally of Chancellor Angela Merkel, most sensible of the time table at meetings in america capital might be Trump's planned tariffs of 25 % on imported steel and 10 % on aluminium.
The US leader says the surprise measures are in accordance with "unfair" trade practices, however the EU has vowed to retaliate -- including with levies on imports of whiskey or motorcycles -- elevating the spectre of a tit-for-tat trade warfare.
"Companies and consumers on both sides would foot the bill if the US and Europe tumble into a trade war," Altmaier mentioned.
Meanwhile, nations like China that stand accused of flooding international markets with reasonable steel could be "laughing on the sidelines", he added.
In a remark Saturday, Merkel's office mentioned the German leader had spoken with Chinese President Xi Jinping.
The two backed proceeding talks some of the G20 workforce of industrialised and emerging countries on reducing steel overproduction which have up to now had little have an effect on.
Altmaier allowed that "global free trade is certainly not perfect yet," including that if Washington is gloomy "we have to talk about it rather than acting unilaterally."
Responding to Trump's threat to slap tariffs on German automotive imports if the EU retaliates over his metals levies, Altmaier added that "German cars are successful in all world markets because they're so good. Higher border taxes would be the wrong response to that."
US 'will fail if it tries to split Europe': Germany
![US 'will fail if it tries to split Europe': Germany]()
Reviewed by Kailash
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March 19, 2018
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