Germany, tariffs
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Governments around the world pledged counter measures on the U.S. after President Donald Trump unveiled on Wednesday a new baseline 10% tariff on goods from all countries plus reciprocal tariffs on th...
From Reuters
China says it will impose reciprocal 34% tariffs on all imports from the United States from April 10, making good on a promise to strike back after US President Donald Trump escalated a global trade w...
From CNN
The countries with the world’s biggest economies reacted swiftly on Thursday to President Trump’s latest round of tariffs, warning that the levies were risking an all-out trade war that could upend t...
From The New York Times
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The U.S. was Germany’s most important trading partner last year, according to Germany’s statistics office. Goods worth €161.4 billion euros were exported to the U.S. The new tariffs are expected to hit Germany’s automotive industry, its pharmaceutical sector and mechanical engineering particularly hard.
Leaders in both countries warned that tariffs would fan inflation in the United States and upend global supply chains.
German Chancellor Olaf Scholz on Thursday slammed sweeping new US tariffs as "fundamentally wrong" as Berlin warned that the European Union could retaliate by targeting American tech titans.
By Sukriti Gupta, Medha Singh, Lisa Pauline Mattackal (Reuters) -European shares slumped on Friday, with the benchmark STOXX 600 and Germany's DAX confirming correction territory, as China's retaliation to sweeping U.
Berlin’s economy minister talks of a pivot point in global trade — and an opportunity for the continent to forge new alliances.
Habeck dismissed Trump’s justification for the tariffs, arguing that the U.S. has benefited significantly from globalization.
China vowed countermeasures and the E.U. promised a unified response, while Britain and Japan refrained from immediate retaliation.
The tariffs announced by U.S. President Donald Trump will put a strain on the United States' exports as well, said German Chancellor Olaf Scholz on Thursday.
America's global trading partners are bristling at President Trump's tariff tactics, but many also stress a desire to strike new deals with the U.S.