The United States have a common interest in finding a quick solution to the dispute on commercial rates, the German finance minister Lars Klingbeil said on Sunday.
After a period of relief, Trump rekindled his tensions on Friday by pressing for a 50% rate on the products of the European Union from 1 June.
Germany was the largest EU exporter in the United States last year, sending goods of 161 billion euros, according to official data.
But Klingbeil told the German public broadcaster Ard that rates endanger the United States and the German economy.
“We should not feel caused, but we focus on what is at stake. We want a joint solution with the United States …. and I mean very clearly here that this is also in the US interest,” he said in an interview.
“All US data relating to the US dollar and titles show that they should also be interested in working with us,” he added.
The White House suspended most of the rates that Trump announced at the beginning of April against almost all the countries of the world after investors sold US activities, including government securities and dollar.
Trump has left a 10% basic tax on most imports and subsequently reduced its 145% tax on Chinese products to 30%.
A 50% tax on EU imports would increase consumer prices in the United States, in particular on German cars, pharmaceutical products and machinery.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
