German Economy and Climate Protection Minister Robert Habeck argued that unique customs tariffs of the United States could turn into a “boomeranga” with high inflation.
Habeck, said in a statement, US President Donald Trump’s decree within the scope of the decision to bring tariffs to 185 trade partners.
Trump’s newly announced customs duties of the destructive consequences of Habeck, said the taxes in Europe as well as the US economy and international trade will harm, he said.
Habeck, as Trump said, as Trump said, not “the day of liberation”, not the day of “inflation”, “the United States’s tariff frenzy can drive countries to recession and cause great damage to the world. Many people can have terrible consequences for many people. He said.
Habeck emphasized that they are struggling for “always negotiation” in the customs tariff dispute with the US, and that they do not want to conflict, and said:
“For this reason, it is good for the European Commission to continue to strive for a resolution with the US. There is still some time for this. However, if the US does not want a negotiated solution, the EU will give a balanced, clear and determined response. We have made our preparations for this. I support the net attitude of the Commission.
– Wide -scale trade war concern
US President Donald Trump signed the decree that brought unprecedented customs duties to all products imported to the US yesterday.
Within the scope of the decree signed by US President Trump, the US is expected to bring tariffs to many trade partners. Tariff rates range from 10 to 50 percent.
In this context, 20 percent of the country’s main commercial partners to the European Union, 34 percent to China, 46 percent to Vietnam, 32 percent to Taiwan, 24 percent to Japan, 26 percent for India, 25 percent to South Korea, 36 percent to Thailand, 32 percent to Switzerland, 32 percent to Endonesia, 49 percent to Malaysia, 49 percent to South Africa, 37 percent to South Africa. It is planned to bring 17 percent tariff to Israel.
Türkiye, the United Kingdom, Brazil, Australia, United Arab Emirates, New Zealand, Egypt and Saudi Arabia, including some countries are expected to apply 10 percent customs duty.
Trump also detailed the 25 percent of automobile tariffs that were planned to enter into force on April 4th and previously announced. These tariffs will also affect other parts such as vans, engines, lithium batteries and tires and shock absorbers.
This increased concerns that a large -scale trade war that could lead to global economic slowdown.
Many trade partners, including the European Union, have already announced counter -measures.
Trump aims to combat the US’s ongoing trade deficit with customs duties and to generate income.
Economists warned that customs duties can slow down the global economy, increase the risk of recession, and increase the cost of life of an average US family by thousands of dollars.
The detail that draws attention in Trump’s tax decision! That country is not on the list
Hard reaction from South Korea and Japan to Trump
The new war of the United States and China … Beijing is ready for Trump!
USA launched a new war … Europe took action
Customs duty warning from the USA: If you retaliate, there will be tension
