Merkel Warns Conflict Over Tariffs Could Lead To Trade War
- 6 years ago
German Chancellor Angela Merkel warned that President Trump’s suggested tariffs on European cars could spark a trade war.
German Chancellor Angela Merkel warned her nation's lawmakers Wednesday that President Trump's suggested tariffs on cars could spark a trade war. "We now have tariffs on aluminum and steel and we have a discussion that is far more serious," she said. "This is taking on the contours of a trade conflict — I don't want to use words that go any further. It's worth every effort to try and defuse this so that this conflict does not become a war.'' Trump recently raised the possibility of placing an import tax on vehicles made in the European Union.
"Based on the Tariffs and Trade Barriers long placed on the U.S. & its great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!" Trump tweeted last month.
In another tweet, he wrote: "Based on the Tariffs and Trade Barriers long placed on the U.S. & its great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!"
German Chancellor Angela Merkel warned her nation's lawmakers Wednesday that President Trump's suggested tariffs on cars could spark a trade war. "We now have tariffs on aluminum and steel and we have a discussion that is far more serious," she said. "This is taking on the contours of a trade conflict — I don't want to use words that go any further. It's worth every effort to try and defuse this so that this conflict does not become a war.'' Trump recently raised the possibility of placing an import tax on vehicles made in the European Union.
"Based on the Tariffs and Trade Barriers long placed on the U.S. & its great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!" Trump tweeted last month.
In another tweet, he wrote: "Based on the Tariffs and Trade Barriers long placed on the U.S. & its great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!"