Europe Is Prepared to Retaliate but Prefers to – Money News
The European Union is ready to retaliate in opposition to the 20% tariff that its faces from the U.S. if a compromised settlement can’t be reached, Miguel Berger, Germany’s ambassador to the U.Okay., mentioned in an interview with Sky News on Sunday. Berger described the deliberate tariffs as “the biggest assault we have seen since the end of the second world war on global trade” but mentioned that negotiation is preferable to the riskier strategy of initiating a commerce struggle. “If we would take counter measures we would hurt our automotive industry twice,” Berger mentioned.
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