'Inflation day': How Germany is responding to the latest round of US tariffs
Briefly

from The Local Germany1 day ago
German Economics Minister Robert Habeck cautioned that the ongoing 'US tariff mania' could significantly harm global economies and plunge nations into recession. He criticized the tariffs as potentially creating inflation for American consumers. Habeck emphasized the importance of negotiation over confrontation, expressing support for the European Commission's efforts to pursue dialogue with the US. He also mentioned that the EU may retaliate with tariffs on tech products, pointing out the dominance of big tech companies in Europe and their tax liabilities.
For consumers in the US, the day will not be 'Liberation Day' but 'Inflation Day', referring to Trump's moniker for April 2nd.
The Local Germanyhttps://www.thelocal.de/20250403/inflation-day-how-germany-is-responding-to-the-latest-round-of-us-tariffs
We have always pushed for negotiations, not confrontation ... it is good that the European Commission is continuing to aim for a negotiated solution with the USA.
The Local Germanyhttps://www.thelocal.de/20250403/inflation-day-how-germany-is-responding-to-the-latest-round-of-us-tariffs
Everything is on the table. The big tech companies have an incredible dominance in Europe and are largely exempt from European taxes.
The Local Germanyhttps://www.thelocal.de/20250403/inflation-day-how-germany-is-responding-to-the-latest-round-of-us-tariffs
Read at The Local Germany
#us-tariffs #international-trade #economics #eu-negotiations #tech-industry
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