Germany says EU united, ready to respond to new U.S. tariffs in World Economy News 05/05/2026 Germany’s finance minister stated on Monday that the European Union aims to avoid escalating trade tensions with the United States while maintaining readiness to respond to potential new tariffs. Lars Klingbeil spoke ahead of an EU finance ministers meeting in Brussels, emphasizing the bloc’s coordinated approach to trade policy. He said the EU seeks to establish a common path forward with American officials rather than pursue confrontation. The minister referenced the Greenland situation as an example of effective European unity and preparation paying dividends. President Donald Trump has threatened to raise tariffs on European car imports to 25%, up from the previously agreed 15% levy. Source: Investing.com 2026-05-05 hellenicshippingnews... tweet Share