Express
German Politician Expects US to Postpone Tariffs
Summary: According to sources, a senior German political figure stated on Sunday that after US President Trump threatened to increase tariffs on the EU, potentially escalating the trade war, the EU and Washington may engage in further negotiations to postpone the tariff hike. The poker game of negotiations between the EU and the US is entering ...
According to sources, a senior German political figure stated on Sunday that after US President Trump threatened to increase tariffs on the EU, potentially escalating the trade war, the EU and Washington may engage in further negotiations to postpone the tariff hike. The poker game of negotiations between the EU and the US is entering a decisive stage, said Juergen Hardt, deputy leader of the conservative CDU/CSU parliamentary group in Germany. I bet that at least a partial agreement will be reached before August 1, and further delays will occur. After all, high tariffs must be paid by American citizens and companies, leading to price increases and inflation in the US. Hardt emphasized that Europe must persuade Trump not to mistakenly believe that the US trade deficit is caused by EU protectionist measures. He stated that due to the dominance of the IT industry, the US has a surplus in the services sector, which largely offsets the trade deficit.
