HEADLINE German business leaders fear US tariffs after Merkel-Trump talks

HEADLINE

German business leaders fear US tariffs after Merkel-Trump talks

Reuters

06:37, April 29, 2018

image.png

US President Donald Trump and Germany's Chancellor Angela Merkel hold a joint news conference in the East Room of the White House in Washington, US, April 27, 2018. (Photo: Reuters)

German business leaders voiced disappointment on Saturday over the outcome of talks between Chancellor Angela Merkel and US President Donald Trump, saying they feared he would impose tariffs on steel and aluminum imports.

The United States imposed import tariffs of 25 percent on steel and 10 percent on aluminum in March, but it provided a temporary exemption until May 1 for the European Union. Trump will decide then whether to make the exemption permanent.

“I regret the fact that the chancellor’s visit to Washington produced no palpable progress on the contentious issues between Germany and the United States,” said Dieter Kempf, president of the BDI industry body.

Merkel and Trump aired differences over trade and NATO on Friday at a White House meeting where they tried to put on a show of warmth and friendship.

“The threatened tariffs remain a major burden on transatlantic relations,” added Kempf.

French President Emmanuel Macron also pressed Trump on trade during a three-day state visit in the same week as Merkel’s quick trip. Neither leader appeared to have made progress convincing Trump to make the exemptions permanent.

“Unfortunately, it doesn’t look like the EU will be exempted from the unfair US tariffs,” said Volker Treier of the DIHK industry and commerce chambers.


Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue