30% duties on imports from the European Union, which is threatened by US President Donald Trump, will be harmful to both Europe and the United States, German Economy Minister Katerina Rae said today demanding a pragmatic solution to the escalation. “The duties will hit European export companies harshly. At the same time they will have a strong impact on the economy and consumers on the other side of the Atlantic, “he said in a statement sent by email. “A realistic effect must be achieved quickly in the negotiations,” he added. France’s “very strong disapproval” was today expressed by his post on the X platform by Emmanuel Macron after Trump’s threats and called on the EU to “decisively defend European interests”. Conquering the new duties, Commission President Ursula von der Laien said the EU is still pursuing a trade agreement with Washington. Source: RES
Source: News Beast
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