Last Update 0:52
Friday, 20 July 2018

French minister accuses US of trying to divide France, Germany amid tariffs row

Sputnik , Sunday 8 Jul 2018
Bruno Le Maire
File Photo: French Finance Minister Bruno Le Maire (Reuters)
Share/Bookmark
Views: 988
Share/Bookmark
Views: 988

Earlier German Chancellor Angela Merkel stated that she was ready to support reducing the EU’s tariff on US cars if such a decision were on the union’s agenda.

French Finance Minister Bruno Le Maire shared his concerns regarding the unfolding trade war with the US during a conference in Aix-en-Provence, saying that Washington is trying to sow division in relations between European countries, particularly France and Germany.

He also expressed his belief that the trade war with the US had already started.

He also called for strong and unified response from the EU in case more tariffs are imposed by the US, assuring that Europe has sufficient economic clout to do so.

At the same time, he stated that the Eurozone is currently "fragile," as within its single monetary zone, some 19 different fiscal policies exist, calling instead for creating a single Eurozone budget, referring to a similar idea proposed earlier by International Monetary Fund head Christine Lagarde.

In May, President Donald Trump ordered the Commerce Department to conduct an investigation into the EU's trade surplus with the US and the possibility of imposing higher import tariffs on European cars.

Last week, the president announced that the research will be complete by the end of July and that Washington was considering the introduction of 20 percent duties on all vehicles assembled in the EU.

Responding to the US president's threats to impose import duties on European automobiles, German Chancellor Angela Merkel said on July 5 that she would support reducing EU tariffs on US cars.

The tariff was imposed as a response to US import taxes on steel (25%) and aluminum (10%) from the European countries. She added, however, that for the tariff to be lifted, a "common European position" must first be reached.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
	WorldCup 2018- News, Live score, Groups, Teams, Matches and stats-Ahram Online
Latest

© 2010 Ahram Online.