The recent announcement by the US administration to impose global tariffs, affecting the European Union with a 20% rate, has generated widespread reactions. European Commission President Ursula von der Leyen expressed concerns, stating that "the global economy will massively suffer." She emphasized the potential impact on businesses of all sizes and the increased costs of engaging in trade with the US. The EU is preparing a response, with von der Leyen highlighting ongoing efforts to finalize countermeasures, particularly concerning tariffs on steel. Additional measures are being considered to safeguard EU interests if negotiations falter.
German leaders have voiced their positions. Chancellor Olaf Scholz criticized the tariffs as damaging to the global economy and based on flawed reasoning. Outgoing Economy Minister Robert Habeck described the situation as "an extraordinary day for the world economy," drawing parallels to previous global economic disruptions. The Alternative for Germany party, while typically aligned with the Trump administration, also condemned the tariffs, advocating for negotiations over countermeasures.
French President Emmanuel Macron labeled the tariffs as "brutal and unfounded," suggesting they would weaken the US and proposing a suspension of new investments in the US until clarity is achieved. He urged European unity in response to the situation.
In Italy, Prime Minister Giorgia Meloni acknowledged the tariffs as "wrong" but advised against exaggerating their impact. She warned that retaliatory tariffs might not be the optimal response and could weaken Western economies. Spanish Prime Minister Pedro Sanchez viewed the tariffs as a "unilateral attack" and a regression to "19th century protectionism," arguing against such measures in addressing contemporary challenges.
For high-tech greenhouse growers in Germany, the implications of these tariffs may alter trade dynamics and impact operational costs. As the EU prepares its countermeasures, the sector remains attentive to how these developments will unfold and affect their international trade strategies.
Source: DW