US President Donald Trump “will not succeed” in dividing European nations against one another over trade, German Economy Minister Peter Altmaier warned Sunday ahead of a visit to Washington.
In the European Union “we are a customs union and act collectively. It cannot be in the interest of the US government to divide Europe, nor will it succeed,” Altmaier told German business daily Handelsblatt.
For the close ally of Chancellor Angela Merkel, top of the agenda at meetings in the US capital will be Trump’s planned tariffs of 25% on imported steel and 10% on aluminium.
The US leader says the shock measures are in response to “unfair” trade practices, but the EU has vowed to retaliate - including with levies on imports of whiskey or motorcycles - raising the spectre of a tit-for-tat trade war.
“Companies and consumers on both sides would foot the bill if the US and Europe tumble into a trade war,” Altmaier said.
Meanwhile, countries like China that stand accused of flooding global markets with cheap steel would be “laughing on the sidelines,” he added.
In a statement Saturday, Merkel’s office said the German leader had spoken with Chinese President Xi Jinping.
The two backed continuing talks among the G20 group of industrialised and emerging nations on cutting steel overproduction which have so far had little impact.