AFP: Merkel warns against trade war as Trump takes aim at cars
Berlin (AFP) - German Chancellor Angela Merkel on Wednesday warned US President Donald Trump against unleashing an all-out trade war after he threatened to impose steep tariffs on cars from the European Union.
In a speech to lawmakers at the Bundestag, Merkel said both sides were effectively locked in a "trade conflict" since Trump's decision to slap punitive tariffs on steel and aluminium imports.
"It is worthwhile to prevent this conflict from becoming a real war," she said, adding however that this "would require both sides" to take steps.
Trump on Sunday charged that Europe is "possibly as bad as China" on trade, as he reiterated that he is mulling import taxes of 20 percent on EU cars.
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WNU Editor: I guess she is also not impressed by this .... Trump will tell NATO nations U.S. cannot be the world's piggy bank (Reuters).
