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Exposed and dependent: Germany desperate to avoid trade war
Reuters ^ | May 4, 2018 11:28 AM | Paul Carrel, Michael Nienaber

Posted on 05/06/2018 4:56:29 PM PDT by Olog-hai

As Europe’s 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 Germany’s 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 Germany’s 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 ...


TOPICS: Business/Economy; Editorial; Foreign Affairs; Germany
KEYWORDS: europe; europeanunion; eussr; germany; socialmarketeconomy; trade; tradewar
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To: vooch

Try reading the Basic Law, like I recommended.

And no, you cannot argue with the Polizei.


21 posted on 05/06/2018 8:17:12 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Pearls Before Swine

Exactly...Germany and the EU have lots of biz interests with Iran.


22 posted on 05/07/2018 3:29:34 AM PDT by rrrod (just an old guy with a gun in his pocket)
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To: central_va

You haven’t the slightest clue as to whom my ilk or I might be. That’s probably because you’ve said the same silly stuff to so many people, El Gato.


23 posted on 05/07/2018 6:09:52 AM PDT by jdsteel (Americans are Dreamers too!!!)
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To: jdsteel

I apologize. You are either a Free Trader or a Patriot, but you can’t be both. Which are you?


24 posted on 05/07/2018 6:17:11 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: central_va

“Patriotism is the last refuge of the scoundrel.” - Samuel Johnson, 1775


25 posted on 05/07/2018 6:21:10 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming))
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To: central_va

-—Free Traitor™——

Hoax alert!! Liar, liar, fake news like liar

The poster is a flat out liar perpetrating a hoax to seem to be more important than he actually is.

A search of Registered Trademarks on the official US Government Trade mark registry indicates there is no such trademark now or ever has been.

Central-va perpetuates the hoax every single day.


26 posted on 05/07/2018 6:28:49 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming))
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To: central_va

I am not defined by you, silly boy.


27 posted on 05/07/2018 6:42:35 AM PDT by jdsteel (Americans are Dreamers too!!!)
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To: Pearls Before Swine

Germany and Italy are in competition to be the EU’s top trading partner with Iran, so I suspect you’re right.


28 posted on 05/07/2018 6:46:24 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: bert

What motivates a patriot will always be a mystery to the traitor.


29 posted on 05/07/2018 7:43:56 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: jdsteel

You define yourself by your actions and words.


30 posted on 05/07/2018 7:44:38 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: central_va

You are clinging to your last refuge


31 posted on 05/07/2018 7:57:21 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming))
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To: bert

You are refuse.


32 posted on 05/07/2018 8:20:38 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: central_va

As do you. Over and over and over again.


33 posted on 05/07/2018 10:01:31 AM PDT by jdsteel (Americans are Dreamers too!!!)
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To: vooch

Of course, Germany doesn’t have much of a border these days, either.


34 posted on 05/07/2018 11:04:50 AM PDT by Little Ray (Freedom Before Security!)
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To: Olog-hai

incorrect


35 posted on 05/08/2018 7:38:19 AM PDT by vooch (America First Drain the Swamp)
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To: vooch

Proof by assertion is a logical fallacy.


36 posted on 05/08/2018 10:01:39 AM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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