Introduction
Germany's outgoing Chancellor Olaf Scholz has voiced strong criticism against US President Donald Trump's tariffs, describing them as an attack on the established international trade order.
Context
Scholz expressed concern over the global economic repercussions of these tariffs. He emphasized that they would adversely affect businesses and consumers not only in the US but also across the globe.
Developments
The tariffs imposed by the Trump administration include a
20% surcharge on imports from the
European Union and a minimum of
10% on imports from other countries. Scholz characterized these measures as 'ill-conceived decisions' that would result in losses for all parties involved.
Conclusion
Overall, Scholz’s remarks highlight the potential for widespread economic disruption arising from unilateral trade policies.