We do not need extra provocation from the US, but “serious talks” on customs duties
On Sunday, German Finance Minister Lars Klinagul called for “serious talks” with the US, as US President Donald Trump threatened to impose 50 per cent fees on imports from the European Union.
Trump threatened on Friday, “Discussions (with the European Union) will not lead to any results,” the fees are applied from the first June (June), which means just one week.
And if it is imposed, the basic fees will increase by 10 percent with increased tensions between the two major economic forces in the world.
“We do not need extra provocation, but for serious discussions,” Klinkella told the German newspaper “Build” that he had discussed the issue with his American countercott besent.
On Friday, Trump repeatedly repeatedly repeatedly repeatedly repeatedly said that his fees were not aiming to enter into an agreement, and that the European Union had met us to “exploit us”.
As a result, Klinkagul points out that “American customs duties will be exposed to the American economy as long as American customs duties have been affected by the economies of Germany and Europe.”
Stock markets have fallen after Trump’s statements for fear of disturbance of the global economy. The dollar has also declined.
The commercial officer of the European Union, Marus Sivkovic, responded to Trump, “It is committed to” committing a useful agreement to the two parties “and insisting that trade relations are” mutual dignity “rather than mutual respect.
Clinkbile emphasized German support how the European Union dealt with the United States. “We are united in Europeans and we are determined to refer to our interests,” he said.
These incidents have complained about companies that are reluctant to invest in German rooms industry and commercial federations in Germany.
According to the internal message from the Federation’s Executive Director Helna Melna Melnikov, only 24 per cent plans to increase investment, but one -third of companies want to reduce them, but 20 per cent of the companies now expect to expand their capabilities.
He described Melnikov as shocking. In its data, the new survey between Milinkov companies is based on the results, and the federation will be announced next Tuesday.
Many economic federations believe that Germany has great flaws as a financial place such as high fuel costs, taxes, high bureaucracy and planning and approval policies.
Two years after the recession, the German GDP will record the depression again this year.
The turbulent customs duties policy adopted by US President Donald Trump is a great risk to the German economy. The new German government has announced a number of steps to encourage companies to stimulate the economy and make more investments in Germany.
Melnikov wrote in the letter, especially the need for investment to rise again, and said: “Our investments in equipment are 10 percent less than Corona’s pandemic levels. Companies have the courage and confidence.”
According to the survey, many companies are concerned about domestic and foreign demand. Prices of energy and raw materials, as well as employment costs are also great obstacles to investment.
