German business reacts to tariff threat

President Donald Trump’s threatened trade tariffs are like a “thunderstorm” facing Europe, according to the head of a German industry body.

“There is usually a thunderstorm coming via the west of the Atlantic, in addition to we should all prepare just for in which in Europe in addition to we should work on these issues (around trade),“ Joachim Lang, director general of the Federation of German Industry (BDI), told CNBC’s “Squawk Box” on Monday.

Trade relations between the U.S. in addition to Europe, as well as China, Canada in addition to Mexico, are at a low point several months after Trump first threatened to slap import tariffs on steel in addition to aluminum via the region (in addition to beyond). Since then, Trump in addition to the nations he has threatened with tariffs have engaged in a war of words, announcing tit-for-tat import duties on a much wider range of goods.

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