Skip to comments.Exposed and dependent: Germany desperate to avoid trade war
Posted on 05/06/2018 4:56:29 PM PDT by Olog-hai
As Europes biggest exporter to the United States and with more than 1 million German jobs at stake, Germany is desperate to avoid a European Union trade war with the United States.
In the run-up to a June 1 deadline for U.S. President Donald Trump to impose steel and aluminum tariffs on the EU, Berlin is urging its European partners to show some flexibility and pursue a broad trade deal that benefits both sides.
But that puts Germany at odds with European peers such as France. Paris, the other half of the motor driving European integration, resents Germanys big trade surplus and wants a tougher EU stance against the U.S. tariffs.
There is a great danger of slipping into a trade war that way, Holger Bingmann, president of Germanys BGA foreign trade association, told Reuters.
Mindful of data from the German-American Chambers of Industry and Commerce that shows more than 1 million German jobs are directly or indirectly dependent on exports to the United States, he cautioned against EU threats of counter tariffs. That way, the Europeans would only embrace the logic of protectionists, he said.
The European Commission has said the EU will set duties on 2.8 billion ($3.36 billion) of U.S. exports, including peanut butter and denim jeans, if its metals exports to the United States, worth 6.4 billion, are subject to tariffs.
Berlin is pushing the idea of an agreement to lower tariffs across a broad spectrum of products, especially in manufacturing.
(Excerpt) Read more at reuters.com ...
I suspect trade is also why they are so supportive of the nuke deal with Iran.
Of course it is. They’ve got to pay for all that socialism somehow.
No need to suspect, it is patently obvious the Europeans do not want to lose export business to Iran so they can get oil from Iran. Unlike USA, Europe depends on importing oil.
Germany desperate to avoid trade warThat's easy to prevent. Don't start nothin', there won't be nothin'.
Isn’t it a pure joy to see an American president take advantage of other countries’ vulnerabilities to get a better deal for US interests?
germany is less socialist than we are
taxes lower too
No way....on both counts. I lived there. They’re far more socialist and their level of taxation is far higher than ours.
They call their economy the “social market economy”. About the one area taxes are lower is the corporate rate, but that applies to Red China too.
Have a look at their Basic Law sometime. Lots of restrictions on freedom as well.
Proof that Trump is an idiot on foreign policy.
What about all the tariffs the Germany and the EU charges us? Why does everyone let them off the hook?
Your comment is proof you are a globalist Free Traitor.
Johnny one note.
Globalism almost destroyed the US economy. Thank God Trump is changing that. You and you ilk will be defeated. Globalists will be bested by nationalist patriots. That is one note I am proud to sing.
add in state and local taxes & property taxes - makes a entirely different picture
Lots of restrictions on freedom as well.
In germany a citizen can argue with a cop
Germany doesnt have illegal checkpoints, illegal constitution free zones 100 miles from the border.
Its been a long long time since we have lost our freedom