Germany Calls for Calm as US-EU Trade Tensions Rise

Germany's finance minister, Lars Klingbeil, urged for calm negotiations after U.S. President Donald Trump#TrumpTariffs threatened a 50% tariff on all EU imports starting June 1. Klingbeil warned the tariffs would hurt both the U.S. and European economies, saying, “This trade conflict harms everyone and must end quickly.”

Trump criticized the EU for being difficult in trade talks and said discussions were “going nowhere.” His post caused markets to dip, with both U.S. and European stocks#StocksDown falling and investors turning cautious.

The EU had sent a proposal to the White House, offering to lower tariffs on industrial goods, open up more access for U.S. farm exports, and cooperate on AI, energy, and tech. But Trump rejected the offer, calling it worse than others.

Talks between EU and U.S. negotiators continue, but no progress has been reported. Meanwhile, the EU is preparing tariffs on U.S. goods worth up to €116 billion if the dispute worsens.$BNB

Both sides face a tight deadline as the June 1 tariff threat and the EU’s July response date approach, leaving businesses uncertain and bracing for impact.$BTC