German Foreign Minister on Trump’s Tariffs: It’s Not Liberation Day for American Consumers, but Rather ‘a Day of Inflation’

RUSH EXCERPT:

BAERBOCK: "This is not a good day for world economy. And it‘s definitely not a day of liberation for American consumers, but rather a day of inflation. But for us Europeans, frankly speaking, it‘s a day of unity because we have set up in the past three years measures to protect our people, to protect our economy, our jobs. Actually meant towards China because they were threaten us, our economy. They were threatening the free trade. And therefore, we set up measures against coercion. But we believe in free trade, and we believe in partnership. And this is why the commission president, Ursula von der Leyen, has made clear that we don‘t want a trade war because everybody would suffer from a trade war. And the only actors who would win would be those fighting the free world. But in case that free trade is not possible with our best friends and best partners anymore, then we are prepared to protect ourselves. But I mean, we have shown that we are not only NATO allies, security allies, but even in the NATO treaty, there is a paragraph in the beginning of saying that also a free economy between partners is securing our common security.”