German Chancellor’s spokesman Steffen Seibert said EU is ready to take action against the US steel and aluminum tariffs, which are illegal under WTO rules. Germany’s countermeasures can take effect on July 1. And it stands by resolving the standoff through international forums.
Germany Economy Minister Peter Altmaier told broadcaster Deutschlandfunk that a “win-win situation is still possible” on trade talk between the EU and the US.
However, he added that at the moment, “it seems that no solution is in sight, at least not in the short term.” He pointed to the G7 summit and said “we have not made any progress in the last few days, but rather, as we saw with the rejection of the summit declaration, we have gone backwards.”
