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11 Feb, 11:46

Scholz warns Washington of EU’s 'united reaction' to US tariffs

"Trade wars always cost both sides prosperity in the end," the German chancellor added

BERLIN, February 11. /TASS/. German Chancellor Olaf Scholz said that the European Union will respond to the US introduction of duties on steel and aluminum exports from Europe.

"If the US leaves us no other choice, then there will be a united reaction of the EU," he said speaking in the Bundestag.

"But I hope that we will avoid the mistaken path of tariffs and counter-tariffs. Trade wars always cost both sides prosperity in the end," he noted.

On February 10, US President Donald Trump gave instructions to impose duties on all imports of steel and aluminum to the country amounting to 25%. Earlier Trump also warned that the United States would impose tariffs on microchip and related products, as well as oil, gas, steel, aluminum, and copper. The US President did not specify which countries' products might be affected by the planned protectionist measures.

European Commission President Ursula von der Leyen said on Tuesday that the EU regrets the US imposition of duties on European steel and aluminum exports and will respond with tough measures.