[Berlin Reuters]-German Foreign Minister Mars is expected to impose retaliatory duties on US products in the local media, countering the retaliatory tariffs that the US plans to launch near imports from the European Union (EU) Said.
He said to the German media giant Funke, “The EU needs to take action and will likely impose sanctions tariffs after obtaining approval from the World Trade Organization (WTO).”
The WTO approved this week that the US will impose retaliatory duties on the European product equivalent of $ 7.5 billion over a European government grant to Airbus, the leading European aircraft. The United States announced on the 2nd that it will trigger retaliation duties on the 18th for imports from the EU. [nL3N26O03X]
The German finance minister Scholz pointed out on the 3rd that the trade friction will not benefit anyone in a globalized world, and the EU says it needs to respond carefully.