Germany: Merkel pledges 'every effort' to avert US trade war

[Yo_Mama_Been_Loggin]

BERLIN — German Chancellor Angela Merkel said Wednesday that the European Union will make every effort to avoid a trade war with the United States, and underlined her country's commitment to raise defense spending gradually — another point of contention with Washington.

President Donald Trump's administration has imposed tariffs on EU steel and aluminum imports and is mulling whether to add tariffs on cars, trucks and auto parts, something that could be painful for Germany with its major auto industry.

"It is worth every effort to try to defuse this conflict so that it doesn't turn into a real war, but of course there are two sides to that," Merkel told the German parliament, noting that the head of the EU's executive Commission, Jean-Claude Juncker, will soon travel to the U.S.

She added that the good functioning of the world economy depends on countries working together as partners, and also questioned the value of measuring surpluses and deficits by trade in goods alone. If digital services were included, she said, it's likely that the U.S. would have a trade surplus with Europe.

https://www.msn.com/en-us/money/markets/germany-merkel-pledges-every-effort-to-avert-us-trade-war/ar-AAzz4q0?li=BBnb7Kz

You watch. Drumpf will still fuck it up.

[AJT]

1. Sadly most countries will cave and 45 will claim a victory.