EU doesn't want trade disputes with US

The European Union wants to avoid trading with American President Trump, but does not rule out the possibility of responding to customs duties.

German Chancellor Olaf Scholz said at the informal EU summit in Brussels that the European Union can handle “customs policies with customs policies”, adding that “we should and will do so. ”

However, the EU is aiming first to deal with President Trump, because according to Olaf Scholz, ultimately both the US and Europe would benefit from the exchange of goods and services.

If customs policy now makes this difficult, it would be bad for the US, bad for Europe. ” said Chancellor Scholz.

War lines from France and Luxembourg

Even French President Emmanuel Macron did not rule out countermass: if the EU “will be attacked in commercial affairs, Europe will have to gain respect as a safe power in itself and react to”, he said.

Luxembourg's prime minister, Luc Frieden, has said extremely combative. We are not weaker than the United States of America. If someone wants a trade war, he will face such a fight”, 61-year-old said. But at the same time, he stressed that it is important that transatlantic relations be good. “Trade conflicts are always bad,” said luxury prison.

Calls for Discretion

EU foreign policy chief Kaya Kallas called for a calm and cautious response to President Donald Trump's threats: “We need America and America also needs us”, she said. There are no winners in commercial wars “Callas said.

Poland's prime minister, Donald Tusk, said the EU needs to do everything to avoid these completely unnecessary and foolish tariff barriers, or trade wars”.

US President Donald Trump announced on Saturday (01.02). The trumpet again threatened Europeans with similar measures. Asked at a press conference on trade tariffs for European Union countries, Trumpi said: “This will definitely happen”. We don't have a schedule yet, but it's going to be “very soon”.

Germany will be hit hard

Despite this harsh rhetoric, it still remains unclear whether the US will really impose customs penalties against the EU. If that happens, customs fees can severely damage Germany, especially the automobile industry.

As a result of setting customs duties on Mexico, Canada and China's stock prices of BMW and Mercedes dropped by nearly four percent, while the Volkswagen stock even dropped more than five percent. The German Automotive Industry Association (VDA) said these tariffs would be a “strong and step back for world trade based on”.