Business and Finance Business and Finance
Sun, May 25, 2025
Sat, May 24, 2025
Fri, May 23, 2025
Thu, May 22, 2025
Wed, May 21, 2025
Tue, May 20, 2025
Mon, May 19, 2025
Sun, May 18, 2025
[ Sun, May 18th ] - WBUR
The serious business of fun
Sat, May 17, 2025
Fri, May 16, 2025
Thu, May 15, 2025
Wed, May 14, 2025
Tue, May 13, 2025
[ Tue, May 13th ] - USA Today
Business and diplomacy
Mon, May 12, 2025

German finance minister says US also needs a swift tariff solution


Published on 2025-05-25 15:40:39 - Reuters
  Print publication without navigation

  • FRANKFURT (Reuters) -The United States has a shared interest in finding a rapid solution to the dispute over trade tariffs, German Finance Minister Lars Klingbeil said on Sunday. After a period of de-escalation, Trump on Friday reignited tensions, by pushing for a 50% tariff on goods from the 27-nation European Union, starting on June 1. Germany was the biggest EU exporter to the U.S. last year, sending goods there worth 161 billion euros ($183 billion), according to official figures.

German Finance Minister Christian Lindner expressed concerns about the U.S. Inflation Reduction Act, describing it as a "de facto protectionist measure" that could lead to a subsidy race among nations. Speaking at the World Economic Forum in Davos, Lindner highlighted the potential negative impacts on the global economy and emphasized the need for a level playing field. He suggested that the European Union should respond by improving its own competitiveness rather than engaging in retaliatory subsidies. Lindner's comments reflect broader European worries about the U.S. legislation, which offers significant incentives for electric vehicles and other green technologies, potentially disadvantaging European companies.

Read the Full Reuters Article at:
[ https://www.aol.com/news/german-finance-minister-says-us-180816338.html ]

Publication Contributing Sources