Germany’s outgoing Chancellor voices the frustrations felt across the European ruling class at President Donald Trump tearing up the status quo on trade, decrying an “attack” The European Union, which has been hit with tariffs twice as high as post-Brexit Britain given the bloc’s protectionist policies and tariffs on imports, is expressing its distress and even outrage at President Trump’s bid to reform the United States’ trade relationship with the world.
Germany’s Chancellor Olaf Scholz who is still technically in power nearly six weeks after he lost the Federal elections in February spoke in defense of the globalist status quo on Thursday. He said “This is an attack on a trade order that has created prosperity all over the globe”, called Trump’s policy “fundamentally wrong”, and warned “there will only be losers”, reports Tagesspiegel. Scholz told the European Union to “flex its muscles”, indicating a knee-jerk reaction of retaliation rather than taking — for instance — the UK’s approach of negotiating
Several European leaders, including Germany’s Foreign Minister have tried to rebrand what Trump calls his ‘Liberation Day’ as ‘Inflation Day’, buttressing the official messaging to European voters that this change will be inflationary. (Read More)
