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Trump's trade policies jeopardise jobs and prosperity - German minister

Reuters  |  BERLIN 

By Michael Nienaber

BERLIN (Reuters) - U.S. Donald Trump's tariffs on and aluminium imports will cost jobs and growth, German told on Sunday, adding that and other free traders should not let themselves be divided.

Trump set import tariffs on Thursday of 25 percent on and 10 percent on aluminium, to come into force in 15 days. He exempted and Mexico, however, and held out the possibility of excluding other allies.

"Trump's policies are putting the order of a free global economy at risk," Zypries told in an emailed statement.

"He does not want to understand its architecture, which is based on a rule-based system of open markets. Anyone, who is questioning this, is jeopardising prosperity, growth and employment," Zypries said.

and its allies must now safeguard the free trade order and avoid being divided by Trump's offer to exempt some allies from the proposed tariffs, Zypries said.

"It is important for to show collectively that there can be counter-measures and that there won't be cracks in the alliance of free traders," the said.

The and urged the on Saturday to grant them exemptions from metal import tariffs, with calling for "calm-headed behaviour" in a dispute that threatens to spiral into a trade war.

(Reporting by Michael Nienaber, editing by Louise Heavens)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, March 11 2018. 16:47 IST
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