Spain,
Italy ministers urge Europe to avoid clash with US over Trump’s tariffs
France and
Germany want a tougher response to Washington’s trade war.
April 5,
2025 5:16 pm CET
By Giedrė
Peseckytė
Economy
ministers from Italy and Spain are calling for European governments to avoid
confrontation with the U.S. over President Donald Trump’s tariffs, despite the
biggest EU countries calling for a tougher stance.
“We still
are calling for a negotiated solution,” Carlos Cuerpo, Spain’s minister of
economy, trade and business, said on Saturday. Giancarlo Giorgetti, Italian
economy and finance minister, urged colleagues not to use “the panic button,”
Bloomberg reported.
“We must try
to keep a cool head, evaluate the impact, and avoid a policy of retaliatory
tariffs which would just be damaging for all, and especially for us,” Giorgetti
said at a conference in Cernobbio, beside Lake Como.
Earlier this
week Italian Prime Minister Giorgia Meloni said the American tariffs were
“wrong” but that Rome would do everything to work on an agreement with
Washington with the aim of averting a trade war that would weaken the West in
favor of other global players.
France and
Germany, however, want to see a tougher response to Trump's tariffs.
“We are in a
strong position. We can join forces with many countries, with many regions of
the world and increase the pressure on the Americans accordingly,” German
Economy Minister Robert Habeck said on April 3.
French
President Emmanuel Macron, in the meantime, wants EU businesses to stop
investing in America in response to Trump’s tariffs. “It is important that
future investments, the investments announced over the last few weeks, should
be put on hold for some time until we have clarified things with the United
States of America,” Macron said on April 3.
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