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Home > Headlines > Trump tariffs will harm U.S. economy even without Europeean response, says Germany's Scholz

Headlines

Trump tariffs will harm U.S. economy even without Europeean response, says Germany's Scholz

Published by Global Banking and Finance Review

Posted on April 3, 2025

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BERLIN (Reuters) - The tariffs announced by U.S. President Donald Trump will put a strain on the United States' exports as well, said German Chancellor Olaf Scholz on Thursday.

At a press conference in Berlin, Scholz also pointed to complex supply chains: "Sometimes there are so many supply chain dependencies that some things are sent back and forth a 100 times. You cannot simply stop that."

He added: "Even if Europe did nothing (in response), it would lead to economic difficulties in the U.S."

(Reporting by Thomas Escritt, Kirsti Knolle)

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