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EU seeks to avoid trade escalation with US

May 05, 2026 / 9:43 AM
EU seeks to avoid trade escalation with US
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Sharjah24 - Reuters: German Finance Minister Lars Klingbeil said on Monday, ahead of a meeting of EU finance ministers in Brussels, that the European Union does not want to escalate the trade dispute with the United States.

Emphasis on dialogue and preparedness

Klingbeil stated: “We do not want escalation; we want to agree on a common path with the Americans. But in Europe we are also prepared, and we are working closely together.”

Unity highlighted amid tensions

He added: “We saw in the Greenland issue that it is good for us Europeans to be prepared and united.”

US President Donald Trump has threatened to raise tariffs on imported European cars to 25%, up from the previously agreed 15%.

May 05, 2026 / 9:43 AM

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