EU will respond to U.S. tariffs with its own measures: Germany’s Maas

Mandatory Credit: Photo by ANATOLY MALTSEV/EPA-EFE/REX/Shutterstock (9762785o) Donald J. Trump and Vladimir Putin Russia US Summit in Helsinki, Finland - 16 Jul 2018 US President Donald J. Trump (L) and Russian President Vladimir Putin (R) shake hands during a joint press conference in the Hall of State at Presidential Palace following their summit talks, in Helsinki, Finland, 16 July 2018.

The European Union has threatened to take retaliatory measures in response to new U.S. tariffs on European goods, Germany’s foreign minister, Heiko Maas, told newspapers in remarks published on Friday..

“The European Union now will have to react and, after obtaining the approval of the World Trade Organisation, probably impose punitive tariffs as well,” Maas, a member of Germany’s governing Social Democrats told German newspaper group Funke.

His comments come after the WTO this week ruled that some subsidies EU states paid to planemaker Airbus were illegal, giving the United States the right to react with tariffs on EU-imported goods.

Washington announced plans for new tariffs on Wednesday.

Germany’s finance minister, Olaf Scholz, also a Social Democrat, on Thursday said Europe should react prudently as trade conflicts in a globalised world were in nobody’s interest.