(11 Feb 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Berlin – 11 February 2025
1. German Chancellor Olaf Scholz speaking with officials in parliament
2. Wide of parliament session
3. Scholz walking to lectern
4. Cutaway of photographers
5. Wide of Scholz speaking to parliament
6. SOUNDBITE (German) Olaf Scholz, German Chancellor:
"I have already mentioned the American tariffs that are threatening us, possibly on steel and aluminum. If the U.S. leaves us no other choice, then the European Union will react united. As the largest market in the world, with 450 million citizens, we have the power to do so. I hope, however, that we will be spared the wrong path of tariffs and counter tariffs. Ultimately, trade wars always cost both sides prosperity."
7. Scholz speaking
8. Scholz walking to seat, UPSOUND applause
STORYLINE:
German Chancellor Olaf Scholz vowed on Tuesday that the "European Union will react united" if the U.S. pushes ahead with tariffs on steel and aluminum.
In a speech to the German parliament in Berlin, Scholz said that "ultimately, trade wars always cost both sides prosperity," adding that he hopes Germany, home to the EU’s largest economy, will be "spared the wrong path of tariffs and counter tariffs."
U.S. President Donald Trump is hitting foreign steel and aluminum with a 25% tax in the hope that they will give local producers relief from intense global competition, allowing them to charge higher prices.
He imposed similar tariffs during his first presidency but the move damaged relations with key U.S. allies and drove up costs for “downstream’’ manufacturers that buy steel and aluminum.
It is not clear what countermeasures would seek to apply, but officials and observers have said they would target Republican states and traditionally strong U.S. exports.
After Trump imposed steel tariffs in 2018, the EU imposed counter-tariffs on U.S.-made motorcycles, bourbon, peanut butter and jeans, among other items.
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