Germany Responds to Trump's Trade Tariffs Decision

germany, eu, usa - Germany and EU vow to retaliate against US trade tariffs on steel and aluminum imports after President Trump's decision.

Germany and EU's Response to US Trade Tariffs

German Chancellor Olaf Scholz announced that the EU will collectively retaliate against US tariffs on steel and aluminum imports. He emphasized the importance of solidarity within the EU in the face of American tariffs.

Scholz expressed concerns about the impact of trade wars on both sides' prosperity and hoped to avoid escalating tensions through tariffs and counter-tariffs.

EU's Reaction to US Tariffs

European Commission President Ursula von der Leyen expressed disappointment over the US decision to impose tariffs on European steel and aluminum exports. She stated that the EU will respond with firm and proportionate countermeasures.

Trump's Tariff Decision

President Trump signed executive orders imposing a 25% tariff on steel and aluminum imports from all countries. He claimed that this move would boost American economy and incentivize companies to produce domestically.

Trump also mentioned plans to hold meetings on tariffs for automobiles, drugs, and chips in the coming weeks, indicating a further escalation in trade tensions.

Lutnick's Remarks

Treasury Secretary nominee Howard Lutnick praised Trump for reviving employment in the steel sector but warned about job losses due to exemptions. He credited Trump for supporting American steelworkers.