The News – Capital Media
The News – Capital Media
  • German economy minister heads to US with trade war looming

  • Germany's economy minister is heading to Washington with the message that American tariffs on European steel and aluminum could prompt a trade war, which would be in nobody's interest. Before leaving Sunday, Economy Minister Peter Altmaier told ARD television he wanted to prevent a "spiral" of measures and countermeasures.

, FILE - In this Jan 17, 2018 file photo then German Finance Minister Peter Altmaier attends a news conference in Berlin. Germany’s new economy minister is heading to Washington with the message that American tariffs on European steel and aluminum could prompt a trade war, which would be in nobody’s interest. Before leaving Sunday March 18, 2018, Economy Minister Peter Altmaier told ARD television he wanted to prevent a “spiral” of measures and countermeasures. (AP Photo/Markus Schreiber)

18 of March 2018 17:12:11

BERLIN (AP) — Germany's economy minister is heading to Washington with the message that American tariffs on European steel and aluminum could prompt a trade war, which would be in nobody's interest.

Before leaving Sunday, Economy Minister Peter Altmaier told ARD television he wanted to prevent a "spiral" of measures and countermeasures.

He says "I don't want a trade war to develop between Europe and the USA."

The European Union has already published a list of American products it plans to tax if it is not exempted from the tariffs announced by President Donald Trump.

The EU says it follows fair trade practices and the problem is with China's overproduction.

Altmaier said Germany and the U.S. should both be able to produce steel competitively without others selling it at "dumping prices."


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