Trade Wars

Europe Gathers Strength to Face Trump

  • Why it matters

    Why it matters

    President Donald Trump’s plan to impose a 20 percent tariff on imports could trigger a trade war with the E.U.

  • Facts

    Facts

    • The U.S. government is considering a 20 percent tax on imports from Mexico and possibly from all other countries that have trade surpluses with the U.S.
    • E.U. officials are calculating the possible impact of the tax and are considering whether and how to retaliate.
    • The head of Germany’s export industry federation on Tuesday said Europe must make clear to Mr. Trump that the U.S. stands to lose more than the E.U.
  • Audio

    Audio

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U.S. President Barack Obama And European Leaders Meet Germany’s Chancellor Angela Merkel
The E.U. and Germany are flying the flag for their interests. Source: Bloomberg

European and German officials want to face Donald Trump head on over his protectionist “America First” policy.

Experts in the German economics ministry and the E.U. Commission are already hard at work assessing the possible impact of U.S. tariffs on European companies, and analyzing possible retaliatory measures.

Anton Börner, the president of the BGA Federation of German Wholesale, Foreign Trade and Services, said on Tuesday there was only one way to counter Mr. Trump: “We must be very tough and self-confident. That’s the only thing that impresses an entrepreneur like Trump.”

“Germany’s government and industry must take President Trump seriously. He only understands tough language. So it must be made clear that Trump will lose a lot more if we lose.”

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