German industry association calls for urgent talks after Trump tariff announcement

ZURICH, July 12 (Reuters) - Germany's BDI industry association called for urgent talks to resolve an escalating trade war after U.S. President Donald Trump threatened to impose 30% tariffs on imports from the European Union.

"President Trump's announcement is an alarm signal for industry on both sides of the Atlantic," said Wolfgang Niedermark, a member of the executive board of the BDI said in a statement.

"The BDI calls on the German government, the European Commission and the US administration to find solutions very quickly in an objective dialogue and to avoid an escalation," he added.