Trump “ completed under pressure ” If Europe regroups on prices: the German Minister of the Economy

US President Donald Trump “will be upset” and will change his pricing policies if Europe is gathering, the German Minister of the Acting Economy, Robert Habeck, said on Thursday.

“This is what I see, that Donald Trump will complete pressure, that he corrects his pressure announcements, but the logical consequence is that he must also feel the pressure,” he said at a press conference, according to a CNBC translation.

“And this pressure must now be unfolded from Germany, Europe in the alliance with other countries, then we will see who is the strongest in this arm struggle,” said Habeck.

Allowing Trump to persist or try to appease it would in no case be a successful strategy, he added, noting that the answer should be a “day of determination”.

Strategically, the objective should be to avoid prices and a trade war, but the question was how to get there, said the Minister of the Economy.

Elsewhere, the outgoing German Chancellor Olaf Scholz said that he thought that Trump’s latest pricing decisions were “fundamentally erroneous”, according to a translation of the CNBC.

Measures are an attack on the world’s order of trade and “poorly thought out” decisions will lead to suffering for the global economy, said Scholz. The American administration is on a path that will only lead to losers, he added.

Trump imposed 20% samples on Wednesday on the European Union, especially in the largest economy in the block, Germany, when he signed a radical and aggressive “reciprocal rate” policy.

Germany is largely considered to be one of the countries likely to be the most affected by Trump’s prices, given its strong economic dependence on trade.

The United States is the most important trading partner in Germany in front of China, with the turnover of exchanges – the sum of exports and imports – for an amount of 252.8 billion euros (278.7 billion dollars) in 2024, according to the German statistics office Destatis. Last year, the United States also received the largest proportion of German exports.

The German index Dax was down 1.6% to 10:42 a.m. in London, while German government obligations were significantly lower. The yield on the 10 -year bundle was the last to drop from more than 7 base points to 2.648%, while the 2 year old bund The yield dropped by more than 11 base points to 1.93%.

Also responding to the developments of the White House, the president of the European Commission, Ursula von der Leyen, said that the European Union was preparing measures to counter the last prices of US President Donald Trump, if the negotiations failed.

“We are ready to answer,” she said. “We are now preparing for new countermeasures, to protect our interests and businesses if negotiations fail.”

But von der Leyen also called for a change “from confrontation to negotiation” because she suggested that it was not too late for talks between the EU and the United States