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Exposed and dependent: Germany desperate to avoid trade war
Reuters ^ | May 4, 2018 11:28 AM | Paul Carrel, Michael Nienaber

Posted on 05/06/2018 4:56:29 PM PDT by Olog-hai

As Europe’s biggest exporter to the United States and with more than 1 million German jobs at stake, Germany is desperate to avoid a European Union trade war with the United States.

In the run-up to a June 1 deadline for U.S. President Donald Trump to impose steel and aluminum tariffs on the EU, Berlin is urging its European partners to show some flexibility and pursue a broad trade deal that benefits both sides.

But that puts Germany at odds with European peers such as France. Paris, the other half of the motor driving European integration, resents Germany’s big trade surplus and wants a tougher EU stance against the U.S. tariffs.

“There is a great danger of slipping into a trade war that way,” Holger Bingmann, president of Germany’s BGA foreign trade association, told Reuters.

Mindful of data from the German-American Chambers of Industry and Commerce that shows more than 1 million German jobs are directly or indirectly dependent on exports to the United States, he cautioned against EU threats of counter tariffs. “That way, the Europeans would only embrace the logic of protectionists,” he said.

The European Commission has said the EU will set duties on €2.8 billion ($3.36 billion) of U.S. exports, including peanut butter and denim jeans, if its metals exports to the United States, worth €6.4 billion, are subject to tariffs.

Berlin is pushing the idea of an agreement to lower tariffs across a broad spectrum of products, especially in manufacturing. …

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Editorial; Foreign Affairs; Germany
KEYWORDS: europe; europeanunion; eussr; germany; socialmarketeconomy; trade; tradewar
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1 posted on 05/06/2018 4:56:30 PM PDT by Olog-hai
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To: Olog-hai

I suspect trade is also why they are so supportive of the nuke deal with Iran.


2 posted on 05/06/2018 5:09:45 PM PDT by Pearls Before Swine ("Married with children.")
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To: Pearls Before Swine

Of course it is. They’ve got to pay for all that socialism somehow.


3 posted on 05/06/2018 5:15:42 PM PDT by FLT-bird (..)
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To: FLT-bird

BINGO!


4 posted on 05/06/2018 5:25:21 PM PDT by technically right
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To: Pearls Before Swine

No need to suspect, it is patently obvious the Europeans do not want to lose export business to Iran so they can get oil from Iran. Unlike USA, Europe depends on importing oil.


5 posted on 05/06/2018 5:50:08 PM PDT by entropy12 (30 Million low wealth, low skill LEGAL chain migrants in 25 years is growing EXPONENTIALLY..)
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To: Olog-hai
Germany desperate to avoid trade war
That's easy to prevent. Don't start nothin', there won't be nothin'.
6 posted on 05/06/2018 5:54:37 PM PDT by lewislynn ( Jeff Sessions not a mouse or mr. maggo but a low life back stabbing bastard preteending to be AG)
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To: Olog-hai

Isn’t it a pure joy to see an American president take advantage of other countries’ vulnerabilities to get a better deal for US interests?


7 posted on 05/06/2018 6:25:28 PM PDT by Some Fat Guy in L.A. (Still bitterly clinging to rational thought despite it's unfashionability)
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To: FLT-bird

germany is less socialist than we are

taxes lower too


8 posted on 05/06/2018 6:25:55 PM PDT by vooch (America First Drain the Swamp)
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To: vooch

No way....on both counts. I lived there. They’re far more socialist and their level of taxation is far higher than ours.


9 posted on 05/06/2018 6:56:33 PM PDT by FLT-bird (..)
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To: vooch

They call their economy the “social market economy”. About the one area taxes are lower is the corporate rate, but that applies to Red China too.

Have a look at their Basic Law sometime. Lots of restrictions on freedom as well.


10 posted on 05/06/2018 7:19:39 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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Proof that Trump is an idiot on foreign policy.


11 posted on 05/06/2018 7:32:52 PM PDT by Gene Eric (Don't be a statist!)
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To: Olog-hai

What about all the tariffs the Germany and the EU charges us? Why does everyone let them off the hook?


12 posted on 05/06/2018 7:44:15 PM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: vooch
You may want to recalibrate that.

Germany Individual - Taxes on personal income

13 posted on 05/06/2018 7:47:35 PM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: Gene Eric
Proof that Trump is an idiot on foreign policy.

Your comment is proof you are a globalist Free Traitor™.

14 posted on 05/06/2018 7:49:04 PM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: central_va

sigh...


15 posted on 05/06/2018 7:56:13 PM PDT by Gene Eric (Don't be a statist!)
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To: central_va

Johnny one note.


16 posted on 05/06/2018 7:56:18 PM PDT by jdsteel (Americans are Dreamers too!!!)
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To: jdsteel

Globalism almost destroyed the US economy. Thank God Trump is changing that. You and you ilk will be defeated. Globalists will be bested by nationalist patriots. That is one note I am proud to sing.


17 posted on 05/06/2018 7:59:10 PM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: central_va

add in state and local taxes & property taxes - makes a entirely different picture


18 posted on 05/06/2018 8:00:03 PM PDT by vooch (America First Drain the Swamp)
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To: Olog-hai

“Lots of restrictions on freedom as well.”

In germany a citizen can argue with a cop
unlike here

Germany doesn’t have illegal checkpoints, illegal constitution free zones 100 miles from the border.

It’s been a long long time since we have lost our freedom


19 posted on 05/06/2018 8:02:53 PM PDT by vooch (America First Drain the Swamp)
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To: Olog-hai

I do not fear a trade war by any stretch of the imagination. The United States is wealthy with natural resources. The only pain delivered by high import tariffs is the kick in the butt we need to restart local industries outsourced to China a decade ago.


20 posted on 05/06/2018 8:10:54 PM PDT by so_real ( "The Congress of the United States recommends and approves the Holy Bible for use in all schools.")
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