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International Business Times

Business

Germany Slams Trump Tariffs, US Tech Titans In Crosshairs

European Union Olaf Scholz United States Germany Donald Trump Europe Robert Habeck Berlin

German Chancellor Olaf Scholz warned that US tariffs upend the global trade order (Credit: AFP)

German Chancellor Olaf Scholz on Thursday slammed sweeping new US tariffs as "fundamentally wrong" as Berlin warned that the European Union could retaliate by targeting American tech titans.

"This is an attack on a trade order that has created prosperity all over the globe, a trade order that is essentially the result of American efforts," Scholz said, a day after US President Donald Trump unveiled the wide-ranging duties on friends and foes alike.

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