tradingkey.logo

Scholz promises Europe will respond strong and united to Trump tariffs

ReutersApr 3, 2025 8:35 AM

- German Chancellor Olaf Scholz said U.S. President Donald Trump's tariffs decision was fundamentally wrong and would harm the entire world economy.

"The recent tariffs decision by the U.S. President is in my view fundamentally wrong and it is an attack on a trade system that has created prosperity all round the world, itself an American achievement," he told a news conference welcoming Jordan's King Abdullah to Berlin.

"The EU has the strongest internal market in the world with 450 million consumers, which gives us the strength to hold talks with the U.S. government to avert a trade war," he added. "We want cooperation, not confrontation, and will defend our interests. Europe will respond united, strong and proportionately to this decision."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI