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Germany's Scholz says Trump's tariffs are wrong, everyone will lose

Published by Global Banking & Finance Review

Posted on March 27, 2025

1 min read

· Last updated: January 24, 2026

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Germany's Scholz says Trump's tariffs are wrong, everyone will lose
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BERLIN (Reuters) - German Chancellor Olaf Scholz said on Thursday Donald Trump's decision to impose tariffs on cars is wrong and the U.S. president had chosen a path that would produce only losers. "

Germany's Scholz Criticizes Trump's Tariffs, Warns of Losses

BERLIN (Reuters) - German Chancellor Olaf Scholz said on Thursday Donald Trump's decision to impose tariffs on cars is wrong and the U.S. president had chosen a path that would produce only losers.

"U.S. President Trump's decision is wrong," Scholz said in a statement. "The U.S. has chosen a path at whose end lie only losers, since tariffs and isolation hurt prosperity, for everyone."

Government officials added that Germany and the European Union would defend free trade as the foundation of their prosperity, with the European Commission, the bloc's executive, in charge of that process.

(Reporting by Andreas Rinke, writing by Thomas Escritt, Editing by Andrew Heavens)

Key Takeaways

  • German Chancellor Olaf Scholz criticizes Trump's tariffs.
  • Scholz warns tariffs will lead to economic losses for all.
  • Germany and EU to defend free trade principles.
  • European Commission to lead EU's response.
  • Tariffs seen as harmful to global prosperity.

Frequently Asked Questions

What is the main topic?
The article discusses German Chancellor Olaf Scholz's criticism of Trump's car tariffs and the potential negative impact on global trade.
How does Germany plan to respond?
Germany, along with the EU, plans to defend free trade as the foundation of prosperity, with the European Commission leading the response.
What are the potential consequences of the tariffs?
The tariffs are expected to lead to economic losses and harm global prosperity, according to Scholz.

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