German finance chief wants serious EU-US tariff talks

Germany's Finance Minister urged the U.S. for serious negotiations following President Trump's threat to impose 50% tariffs on EU goods. This call comes amid escalating trade tensions. Lars Klingbeil emphasized the tariffs would harm both the American and European economies. He discussed the issue with U.S. Treasury Secretary Scott Bessent at a recent G7 finance ministers summit in Canada. Trump's tariff threat, following previous adjustments, caused market concerns. EU officials also expressed a willingness to negotiate while also preparing to defend their interests.