Trump tariffs will harm U.S. economy even without Europeean response, says Germany's Scholz
ReutersApr 3, 2025 8:54 AM
BERLIN, April 3 (Reuters) - The tariffs announced by U.S. President Donald Trump will put a strain on the United States' exports as well, said German Chancellor Olaf Scholz on Thursday.
At a press conference in Berlin, Scholz also pointed to complex supply chains: "Sometimes there are so many supply chain dependencies that some things are sent back and forth a 100 times. You cannot simply stop that."
He added: "Even if Europe did nothing (in response), it would lead to economic difficulties in the U.S."
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