‘EU will give a befitting reply together within an hour …’, Germany said on Trump’s tariff war
US President Donald Trump has been making many big announcements since taking oath. He has imposed tariffs on Canada, Mexico and China. At the same time, many other countries are also considering putting tariffs. Meanwhile, Germany has responded to Trump.
German Chancellor Olaf Skolz said that if US President Trump puts tariffs on the European Union (EU), the EU will impose tariffs on them within an hour. Asked if the EU is ready for retaliation, then Skolz said, yes, we will take action within an hour as an EU.
Donald Trump signed an executive order to impose tariffs on Canada, Mexico and China after taking oath as president. These tariffs came into effect from February 1. But after the protest, the period of tariffs imposed on Mexico and Canada was extended by one month. But the tariff on China was kept.
Trump and his supporters believe that this step has been taken with the aim of pressurizing these countries to curb illegal migration and drug trafficking. At the same time, it was also said that tariffs are part of Trump’s economic strategy. He is insisting on increasing the American economy, protecting the interests of American people and increasing jobs through this move.
Recently, Trump signed an order of 25 per cent tariffs on goods coming from Mexico and Canada and 10 per cent tariff on import from China. This poses a danger of a trade war, which can disrupt more than 2.1 trillion dollars annually.
