Tariff war. World War T. You know, the end of the world as we know it? Then it’s all over but the crying. And the Zombie Apocalypse. It’ll be Zombie Apocalypse Now, so-to-speak.
Berlin holds little hope that the EU will be granted a further exemption from US metals tariffs beyond a May 1 deadline. Washington has offered the bloc a reprieve to speed up talks on a series of trade issues.
The German news agency DPA reported on Thursday that the upcoming meeting between Chancellor Angela Merkel and US President Donald Trump — scheduled for the weekend — was unlikely to win the EU a further exemption from higher steel and aluminum tariffs planned by Washington.
Citing government sources, DPA said the Trump administration’s plans to impose a 25 percent tariff on steel and 10 percent on aluminum imports to the United States would likely come into effect on May 1.
But maybe something miraculous will happen at the absolutely very last second to hold off trade war Armageddon. Maybe it won’t. Hard to say for sure so be sure to stay tuned.
Bundesregierung befürchtet Handelskrieg mit den USA