Trump tariffs will harm U.S. economy even without European response, says Germany's Scholz

Record ID: 1987936

  • Title: Trump tariffs will harm U.S. economy even without European response, says Germany's Scholz
  • Date: 3rd April 2025
  • Summary: BERLIN, GERMANY (APRIL 3, 2025) (REUTERS) GERMAN CHANCELLOR OLAF SCHOLZ AND JORDAN’S KING ABDULLAH ARRIVING FOR NEWS CONFERENCE PHOTOGRAPHER SCHOLZ SEEN THROUGH VIEWFINDER PEOPLE LISTENING (SOUNDBITE) (German) GERMAN CHANCELLOR OLAF SCHOLZ, SAYING: "I consider the U.S. President's latest tariff decisions to be fundamentally wrong. This is an attack on a trade order that ha
  • Embargoed:
  • Keywords: Donald Trump Eu trade Olaf Scholz repercussions tariffs
  • Location: BERLIN, GERMANY
  • City: BERLIN, GERMANY
  • Country: Germany
  • Topics: Europe,Budget/Taxation/Revenue,Government/Politics
  • Reuters ID: LVA001389403042025RP1
  • Aspect Ratio: 16:9
  • Story Text:German Chancellor Olaf Scholz on Thursday (April 3) said U.S. President Donald Trump's tariffs decision was fundamentally wrong and would harm the entire world economy.
    "The recent tariffs decision by the U.S. President is in my view fundamentally wrong and it is an attack on a trade system that has created prosperity all round the world, itself an American achievement," he told a news conference welcoming Jordan's King Abdullah to Berlin.
    "The EU has the strongest internal market in the world with 450 million consumers, which gives us the strength to hold talks with the U.S. government to avert a trade war," he added. "We want cooperation, not confrontation, and will defend our interests. Europe will respond together, strong and proportionately to this decision."
    The tariffs announced by U.S. President Donald Trump will put a strain on the United States' exports as well, said Scholz on Thursday.
    "Even if Europe did nothing (in response), it would lead to economic difficulties in the U.S," said Scholz.
    (Production: Stefan Remter, Isabelle Yr Carlsson, Tanya Wood)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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