BusinessPostCorner.com
No Result
View All Result
Thursday, July 16, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

EU will respond firmly to US tariffs but still open to ‘compromise,’ German chancellor says

March 30, 2025
in Business
Reading Time: 2 mins read
A A
0
EU will respond firmly to US tariffs but still open to ‘compromise,’ German chancellor says
ShareShareShareShareShare

German Chancellor Olaf Scholz on Sunday said the EU would respond firmly to tariffs announced by US President Donald Trump but stressed the bloc was also open to compromise.

“It is clear that we, as the European Union… will react clearly and decisively to the United States’ tariff policy,” Scholz said ahead of the opening of a trade fair in Hanover.

But the bloc was “always and at all times firmly prepared to work for compromise and cooperation”, he said.

“I say to the US: Europe’s goal remains cooperation. But if the US leaves us no choice, as with the tariffs on steel and aluminum, we will respond as a united European Union,” Scholz said.

Trump has announced sweeping tariffs on the United States’ allies and adversaries, including a 25-percent levy on auto imports starting next week.

A 25-percent US tariff on steel and aluminium from around the world came into effect in mid-March, with EU countermeasures set to begin in April.

As a major car manufacturer and exporter, Germany could be hit particularly hard by the auto tariffs and they were the subject of a visit to Washington by Finance Minister Joerg Kukies last week.

Germany has vowed a tough response to the tariffs, with a government spokesman insisting that “nothing is off the table”.

However, Italian Prime Minister Giorgia Meloni struck a more conciliatory tone on Saturday, calling for a “reasoned” approach to the escalating dispute.

EU chief Ursula von der Leyen also previously said she “deeply” regretted the US auto tariffs and the EU would “continue to seek negotiated solutions”.

Scholz on Sunday also insisted Canada was an independent country, responding to repeated comments by Trump that it should become the 51st US state.

“Canada is a proud, independent nation, Canada has friends all over the world and especially here in Germany and Europe,” he said at the Hanover trade fair.

Canada is a special guest at the event, which officially opens on Monday.

This story was originally featured on Fortune.com

Credit: Source link

ShareTweetSendPinShare
Previous Post

Axe oil and gas windfall tax before 2030, urges task force

Next Post

Dow futures drop as report says White House mulls global tariff of up to 20% on nearly all trading partners

Next Post
Dow futures drop as report says White House mulls global tariff of up to 20% on nearly all trading partners

Dow futures drop as report says White House mulls global tariff of up to 20% on nearly all trading partners

Rising tempo of combat in battle for Hormuz tests market’s confidence that the worst is over on Iran

Rising tempo of combat in battle for Hormuz tests market’s confidence that the worst is over on Iran

July 12, 2026
Ethereum Price Prediction: Tom Lee Targets  Trillion ETH

Ethereum Price Prediction: Tom Lee Targets $5 Trillion ETH

July 10, 2026
When agents outnumber accountants: Building a new operating model for CPA firms

When agents outnumber accountants: Building a new operating model for CPA firms

July 9, 2026
Reeves tells BBC: Burnham needs worked-through plan to govern from the start

Reeves tells BBC: Burnham needs worked-through plan to govern from the start

July 11, 2026
Billionaires warned NYC would scare off business. Anthropic and Airbnb just bet big on the city

Billionaires warned NYC would scare off business. Anthropic and Airbnb just bet big on the city

July 10, 2026
SoftBank’s Masayoshi Son ridicules AI critics for ‘spitting upwards’

SoftBank’s Masayoshi Son ridicules AI critics for ‘spitting upwards’

July 14, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

TSMC pledges another 0bn to expand US production in Arizona

TSMC pledges another $100bn to expand US production in Arizona

July 16, 2026
Current price of oil as of July 16, 2026

Current price of oil as of July 16, 2026

July 16, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!