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Trump Will “Cave to Pressure” if Europe Unites Against Tariffs, Says German Economy Minister

Photo credit: www.cnbc.com

German Officials Respond to Trump’s Tariff Policies

In Berlin, acting German economy minister Robert Habeck expressed his belief that U.S. President Donald Trump may reconsider his tariff strategies if European countries unite against them. Habeck stated on Thursday, “I foresee that Donald Trump will yield to pressures and adjust his previous announcements. However, to compel such a change, it is crucial that he feels significant pressure.” His comments were made during a press conference, as reported by CNBC.

Habeck emphasized the necessity for Germany and other European nations to collaborate in applying this pressure, suggesting that such collective action would test the resolve of Trump in what he described as a sort of geopolitical arm wrestling match.

Concurrently, outgoing German Chancellor Olaf Scholz criticized Trump’s recent tariff decisions, describing them as “fundamentally wrong.” Scholz noted that these measures pose a threat to the established global trade system and warned that they could inflict economic hardship worldwide.

This responsive rhetoric from German leaders comes in the wake of Trump’s recent announcement of a 20% tariff on imports from the European Union, particularly impacting Germany, which is heavily dependent on international trade. As one of the largest economies in Europe, Germany’s industries could face considerable challenges due to these tariffs.

This is a developing story, please check back for updates.

Source
www.cnbc.com

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