Trump Trade War - EU will act against US - German Chancellor Angela Merkel

Image Source: Reuters

Reuters reported that German Chancellor Angela Merkel, voicing regret about President Donald Trump’s abrupt decision to withdraw support for a G7 communique, said on Sunday that Europe will implement counter-measures against US tariffs on steel and aluminum just like Canada. She told “The withdrawal, so to speak, via tweet is of course ... sobering and a bit depressing.”

She told “The summit did not mark the end of the transatlantic partnership between Europe and the US. Europe could no longer rely on its ally and should take its fate into its own hands. Like Canada, the European Union is preparing counter-measures against U.S. tariffs on steel and aluminum imports, in line with World Trade Organisation rules. So we won’t let ourselves be ripped off again and again. Instead, we act then too.”

Trump’s announcement on Twitter, after leaving the Group of Seven summit in Canada early, that he was backing out of the joint communique torpedoed what appeared to be a fragile consensus on a trade dispute between Washington and its top allies.

Source : REUTERS