Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BERLIN, July 13 (Xinhua) — German Vice Chancellor and Finance Minister Lars Klingbeil said on Sunday that the European Union should take decisive action against the United States if tariff talks fail to ease the escalating global trade conflict, German newspaper Sueddeutsche Zeitung reported.
Klingbeil's comments came in response to US President Donald Trump's threat on Saturday to impose 30 percent tariffs on EU exports from August 1 after talks had so far failed to produce a deal.
Calling for an end to escalating trade tensions, Germany's finance minister said: "Trump's tariffs only cause losses. They threaten the American economy just as they hurt businesses in Europe."
As reported by Suddeutsche Zeitung, L. Klingbeil emphasized that the European Union “does not need new threats or provocations,” but “an honest agreement.”
He warned that Germany would not remain indifferent if the talks failed. “If a fair solution cannot be reached, we must take tough countermeasures to protect jobs and businesses in Europe,” the vice chancellor said, noting that preparations were already underway. “Our hand is still outstretched, but we will not give in to everything,” he added.
L. Klingbeil also said that Germany is stepping up efforts to diversify its global trade relations.
The United States is Germany's largest export market. According to German government data, the country exported €161 billion ($188 billion) in goods to the U.S. in 2024, with a trade surplus of nearly €70 billion. –0–
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