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Germany doesn't want confrontational tariff battle with U.S. - finance minister

Reuters  |  LONDON 

(Reuters) - doesn't want to get embroiled in a trade war with the United States, the country's Olaf said on Friday.

"I think increasing tariffs is not a good idea," said at an event at Bloomberg, in response to speculation that the U.S. could apply tariffs to from in the coming weeks.

"I hope things like this could be avoided," he added saying he also hoped the issue wouldn't get confrontational.

"The best thing we can do for growth and wealth is rules-based free trade. I hope that we will have a better situation so that we can get again more global trade agreements."

(Reporting by Marc Jones; editing by Huw Jones)

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

First Published: Fri, February 08 2019. 16:01 IST