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Germany's Scholz says Trump's tariffs are wrong, everyone will lose
Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 27, 2025
1 min readLast updated: January 24, 2026
German Chancellor Scholz criticizes Trump's car tariffs, warning they will harm global prosperity. The EU plans to defend free trade.
BERLIN (Reuters) - German Chancellor Olaf Scholz said on Thursday Donald Trump's decision to impose tariffs on cars is wrong and the U.S. president had chosen a path that would produce only losers.
"U.S. President Trump's decision is wrong," Scholz said in a statement. "The U.S. has chosen a path at whose end lie only losers, since tariffs and isolation hurt prosperity, for everyone."
Government officials added that Germany and the European Union would defend free trade as the foundation of their prosperity, with the European Commission, the bloc's executive, in charge of that process.
(Reporting by Andreas Rinke, writing by Thomas Escritt, Editing by Andrew Heavens)
The article discusses German Chancellor Olaf Scholz's criticism of Trump's car tariffs and the potential negative impact on global trade.
Germany, along with the EU, plans to defend free trade as the foundation of prosperity, with the European Commission leading the response.
The tariffs are expected to lead to economic losses and harm global prosperity, according to Scholz.
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