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German Chancellor Angela Merkel badured that she "will do everything possible" to prevent the trade war with the United States of America and reiterates her commitment that Berlin will increase its defense spending by trying to Appease Washington's protests on two of the issues that cause friction in bilateral relations.
Merkel, addressing members of the federal lower house, Budapešť, stressed that "it's worth doing everything to try to eliminate this conflict so that it does not turn into total war (commercial) (…) Germany is certainly attached to it, like all the European Union. "
But in a speech at an event at the Institute Ifo Munich, European Commissioner Gunther Edinger predicted: "a trade war will break out."
Additional customs duties on jeans, peanut butter, motorcycles and others that were reprimanded for the fact that the United States imposed additional duties of 25% on steel and 10% on imported aluminum, entered into force last month
In her speech Wednesday in Budapešť, Merkel reiterated her commitment that Germany's defense spending budget will reach 1.5% of GDP by 2024. This figure equates to estimates of experts at around 60 billion euros
Referring to the current budget of the country's defense (38.9 billion euros), Ms. Merkel acknowledged that "compared to what other countries spend as a percentage of their GDP, it is far from sufficient." [19659002] Merkel's comment was that the American President Donald Trub recently sent a letter to NATO member states, including Germany, reminding them that they do not do not fulfill their obligations under their commitments to the function of the North Atlantic Treaty Organization
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