2025-02-03 11:00:08
Politics
Business

Scholz and Starmer Urge US to Avoid Tariff Hikes

Image courtesy of : AFP (BEN STANSALL)

German Chancellor Olaf Scholz and UK Prime Minister Keir Starmer have called for strong transatlantic ties with the US, while warning President Donald Trump against imposing new tariffs. Scholz emphasized the success of globalization in fostering prosperity, urging against dividing global trade through tariff barriers. Trump's recent tariff decisions include a 25% increase on Canadian and Mexican products, with exceptions for Canadian energy resources, and a 10% increase for Chinese imports. He also hinted at potential tariffs on the EU, targeting sectors like semiconductors and steel.

Scholz highlighted the EU's economic strength, stressing its independent policy capabilities. The meeting also focused on UK-EU relations post-Brexit, as Starmer seeks to enhance trade while potentially avoiding US tariffs. Trump, however, suggested the UK might benefit from aligning more closely with the US, criticizing the EU's trade practices. Amidst these tensions, Scholz and Starmer's stance underscores the importance of maintaining open trade channels and international cooperation.

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CW

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