Lower Saxony’s Minister of Economics and Designed Prime Minister Olaf Lies fears negative effects of the new US tariff on his state. “I look at this with great concern, because every action inevitably triggers a reaction, said the SPD politician of the” Hannoversche Allgemeine Zeitung “. The goal must be to interrupt the impending spiral. “We must not move away from proven and successful standards of free world trade,” emphasized Lies.
The USA are an extremely important market for export for Lower Saxony. “It is long not just about the automotive industry, but about many products and industries,” said the SPD politician.
Read: European Union should continue to negotiate
From the Lies perspective, the European Union should continue to negotiate. The United States in particular would have named the large foreign trade deficit as the reason for higher tariffs. «You now have to talk about how to get new agreements here. In Europe, we have to speak confidently, robust and with one voice, »said Stephan Weil’s designated successor. Lower Saxony Long-time head of government has announced that it will withdraw in May as SPD head of state and as Prime Minister.
US government announces higher taxes for many countries
From Saturday, the United States will take imports from all countries with tariffs of ten percent. In addition, the US government announced a complex mechanism of mutual tariffs, which provides for higher taxes for many countries.
The auto tariffs announced by President Donald Trump have now come into force. 25 percent serve apply. Experts expect car prices to increase significantly through the new tariffs of the Trump government in the USA.
© dpa-infocom, dpa: 250404-930-423341/1
