EU is strong enough to respond to Trump's tariffs, but does not want a trade war - Scholz

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A politician wants to find a common solution that will be beneficial to both parties.

German Chancellor Olaf Scholz said the European Union has enough resources and strength to respond to any tariff restrictions from the United States, but he hopes to reach an agreement that will avoid a trade war.

In an interview with Bloomberg, the politician emphasized that the EU is ready to take appropriate measures if the United States introduces new tariffs, but stressed the need for dialogue.

“We are strong enough to respond to anything that harms the European economy. But we must act in such a way that there is always a chance for an agreement – ​​this is beneficial for all parties, especially on both sides of the Atlantic,” Scholz said.

The position of Germany and the EU is particularly relevant against the background of statements by US President Donald Trump, who plans to impose 25 percent tariffs on steel and aluminum imports from the EU on March 12, and is also considering the possibility of introducing new tariffs on cars as early as April. In addition, Trump has instructed his administration to prepare a plan for tariff restrictions for several trading partners, which could have a significant impact on global markets.

Scholz noted that the European Commission, which is responsible for EU trade policy, is ready to negotiate with the US to avoid escalating the situation.

“There is a willingness for dialogue, and I am sure that a joint solution will be beneficial for everyone. It is important to realize that Europe is strong enough to act and respond to challenges,” he emphasized.

Germany, as one of Europe's largest economies, is particularly sensitive to potential trade restrictions due to its dependence on exports. In addition, the country continues to feel economic pressure from its rejection of cheap Russian energy.

Economic difficulties are also contributing to the growing popularity of the far-right Alternative for Germany (AfD) party, which advocates leaving the eurozone, scrapping climate policies, and tough migration measures.