The managing German finance minister Jörg Kukies sees good chances of setting up in the international trade conflict.
US representatives: Interior in conversations in the group of the G7 and the G20 had made it clear that there was great interest in an agreement, said the SPD politician on the sidelines of the conference of the International Monetary Fund in Washington.
“The level of complexity of the whole is not that it is not possible to find an agreement within 90 days,” emphasized Kukies. “So that should be possible.” US President Donald Trump had frozen a large part of his announced special tariffs in early April for a period of 90 days.
“Deflection maneuvers” of Chinese goods feared
After the talks in Washington, he now had a better feeling about it, said Kukies. The American finance minister Scott Bessent had shown itself absolutely constructively. At the same time, the private sector sends signals in the United States that uncertainty is paralyzed and investment decisions delay.
What could not work are high tariffs between the USA and China, but low with everyone else, Kukies emphasized. This will lead to inefficient deflection maneuvers. “This can not be interested in anyone, especially not in the interest of the European Union, because that would only mean that overcapacity would end up with us.”
The EU is therefore very interested in constructive development between the USA and China. However, China had recently rejected Trump’s representation that both sides were in direct contact in the trade dispute.