EU trade commissioner Maroš Šefčovič says bloc in a ‘tough spot’ with 70% of exports being subjected to tariffs
Outgoing German economy minister Robert Habeck is not mincing his words this morning in response to a question on US tariffs and how they were calculated.
He says:
“The calculations, from my point of view, are nonsense. Even the basis of the calculation is nonsense.
The assumption that a trade budget surplus or deficit is a problem in itself, is a wrong estimation, because in the end, globalisation serves all economies, and especially the American economy, [which] has [seen] huge growth figures in GDP, better than a lot of European countries. So you see, if we the rest of the world, are selling cheaper goods to the American economy, it’s of use of the American economy.
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Source link : https://www.theguardian.com/world/live/2025/apr/07/eu-ministers-meeting-response-trump-tariffs-trade-latest-updates-news
Author : Jakub Krupa
Publish date : 2025-04-07 14:23:00
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