German Chancellor Olaf Scholz cautioned against trade barriers on Sunday, emphasizing the benefits of globalization after U.S. President Donald Trump imposed tariffs on Mexico, Canada, and China. While Trump has threatened tariffs on the European Union (EU), none have been enforced yet.
Scholz, speaking after a meeting with British Prime Minister Keir Starmer at Chequers, stressed the importance of continued cooperation. He stated that the EU, as a major economic power, has "scope for action" in response to potential U.S. trade measures.
Friedrich Merz, leader of the opposition CDU party and a frontrunner for Germany's next chancellor, also criticized the tariffs, warning they could harm American consumers and provoke domestic backlash. Speaking at his party convention ahead of the February 23 elections, Merz urged the EU to take a unified stance in trade negotiations with the U.S.
Germany, an export-driven economy known for its automotive sector, has faced stagnant growth for two years. With economic concerns ranking high among voters, the impact of tariffs on trade and industry remains a pressing issue as Germany navigates global economic tensions.