Mexico, Canada – it was Germany’s turn to be on the short end of Trump’s “Art of the Deal” and the EU throwing in the towel. Remember, Trump has said he’d most want NO tariffs at all:
Trump VICTORY? EU may ABANDON tariffs on US cars after threats to German industry
The German Federal Minister for Economic Affairs and Energy, Peter Altmaier, told Austrian public broadcaster ORF on Friday that Germany is willing to come to the table to ease trade tensions with the US. Mr Altmaier said: “We are ready to talk about low, equal duties on cars. “This would be the best solution for everyone.” Mr Altmaier’s surprise comments came after an EU trade ministers meeting in Innsbruck.
US duty on imports from the EU is only 2.5 percent, resulting in a trade deficit for the US.