German economy minister heads to US with trade war looming

German economy minister heads to US with trade war looming


1 photo
Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BERLIN (AP) — Germany's economy minister is heading to Washington with the message that American tariffs on European steel and aluminum could prompt a trade war, which would be in nobody's interest.

Before leaving Sunday, Economy Minister Peter Altmaier told ARD television he wanted to prevent a "spiral" of measures and countermeasures.

He says "I don't want a trade war to develop between Europe and the USA."

The European Union has already published a list of American products it plans to tax if it is not exempted from the tariffs announced by President Donald Trump.

The EU says it follows fair trade practices and the problem is with China's overproduction.

Altmaier said Germany and the U.S. should both be able to produce steel competitively without others selling it at "dumping prices."

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast