Headlines

German finance minister: agreement with US is still preferred option in tariff row

Published by Global Banking & Finance Review

Posted on April 24, 2025

1 min read

· Last updated: January 24, 2026

Add as preferred source on Google
German finance minister: agreement with US is still preferred option in tariff row
Global Banking & Finance Awards 2026 — Call for Entries

Germany Prefers US Tariff Agreement, Supports EU Countermeasures

BERLIN (Reuters) -Germany still hopes the European Union can find agreement with the United States to bring about a reduction in import tariffs but supports counter-measures if this fails, the country's finance minister said in a radio interview on Thursday.

"The position is very simple: Plan A is we want an agreement and the tariffs should go down instead of going up," Joerg Kukies told the Deutschlandfunk broadcaster, but said he backed the European Union's "plan B" if this doesn't work, which is to use countermeasures.

Kukies is in Washington currently attending the spring meetings of the International Monetary Fund and the World Bank.

(Reporting by Christian Kraemer, Writing by Rachel More, editing by Kirsti Knolle)

Key Takeaways

  • Germany prefers a tariff agreement with the US.
  • EU countermeasures are supported if talks fail.
  • Finance Minister Joerg Kukies emphasizes tariff reduction.
  • Kukies is attending IMF and World Bank meetings in Washington.
  • The EU's 'Plan B' involves countermeasures.

Frequently Asked Questions

What is the main topic?
The main topic is Germany's preference for a tariff agreement with the US and support for EU countermeasures if talks fail.
What is Germany's Plan A?
Germany's Plan A is to reach an agreement with the US to reduce tariffs.
What is the EU's Plan B?
The EU's Plan B involves implementing countermeasures if tariff talks with the US fail.

Related Articles

More from Headlines

Explore more articles in the Headlines category