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Germany says trade war could damage global recovery

Reuters  |  BERLIN 

By Michael NienaberBERLIN (Reuters) - Germany said on Thursday any escalation of U.S. President Donald Trump's tariffs on metal imports into a full-blown trade war could cause tangible damage to the global recovery, although the tariffs themselves should have only a limited effect.Trump last week ordered the imposition of duties on incoming steel and aluminium and threatened to levy a tax on European cars if the European Union did not remove "horrific" tariffs and trade barriers on a range of goods."The German economic upswing is continuing at the beginning of 2018. The global economic ...

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First Published: Thu, March 15 2018. 20:55 IST