In a recent statement, a German government spokesperson emphasised that “nothing is off the table” when considering punitive measures against U.S. tech giants in light of new tariffs imposed by the U.S. government. The spokesperson confirmed that every possible option is being evaluated as they navigate this delicate situation within the European Union, under the guidance of the European Commission.
This response follows President Trump’s announcement of a significant 25% tariff on vehicles imported to the U.S., a decision likely to impact Germany’s automotive sector, particularly Volkswagen, whose suppliers are heavily based in Mexico. As tensions between the U.S. and EU escalate, European officials strive to avert a trade war, holding out hope for successful negotiations with Washington.
Bernd Lange, a leading figure in the European Parliament’s international trade committee, suggested that if dialogues falter, the EU could impose fees on major digital service providers like PayPal and Google. He noted the considerable economic stakes for U.S. companies in the digital sector, alluding to potential countermeasures that could be taken in response to U.S. actions, depending on how the situation unfolds.
Berlin’s government has stated that all options remain on the table concerning potential punitive measures against U.S. tech giants, responding to tariffs imposed by the U.S. President. The German officials hope for successful negotiations with the U.S. to avoid escalating trade tensions. If talks fail, the EU may consider imposing fees on companies like PayPal and Google, according to Bernd Lange of the European Parliament.
Germany’s approach to the U.S. tariffs reflects a readiness to consider various retaliatory measures against American tech companies. With hopes pinned on negotiations with the U.S., the looming threat of trade conflict requires careful assessment of costs and benefits within the EU. If diplomatic efforts falter, fees on digital service providers may come into play, highlighting the interconnectedness of global trade and technology.
Original Source: www.channelnewsasia.com
