German Economy Minister Robert Habeck said Thursday that Trump would "buckle under pressure" if Europe unites to counter his tariff policies, according to CNBC. Habeck urged Germany and the EU to apply pressure and invest in AI, cloud infrastructure, and space to reduce reliance on foreign powers. He warned against appeasing Trump, advocating for a “day of determination.” Trump imposed 20% tariffs on EU goods under a new “reciprocal tariff” policy on Wednesday. Germany stands to be heavily impacted as the U.S.’s top trade partner in Europe. For more coverage on tariffs and how they impact your portfolio, visit benzinga.com.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02German economy minister Robert Habeck said Thursday that Trump would buckle under pressure
00:06if Europe unites to counter his tariff policies, according to CNBC.
00:10Habeck urged Germany and the EU to apply pressure to invest in AI,
00:14cloud infrastructure, and space to reduce reliance on foreign powers.
00:18He warned against appeasing Trump, advocating for a
00:21Day of Determination.
00:23Trump imposed 20% tariffs on EU goods under a new reciprocal tariff policy on Wednesday.
00:29Germany stands to be heavily impacted as the US's top trade partner in Europe.
00:33For more coverage on tariffs and how they impact your portfolio, visit Benzinga.com.