May 23 (Reuters) - German Foreign Minister Johann
Wadephul on Friday said U.S. President Donald Trump's threat to
raise tariffs on European Union trade helped nobody, and that
Berlin would continue to support the EU to negotiate with
Washington.
Speaking alongside his Indian counterpart Subrahmanyam
Jaishankar in Berlin, Wadephul also said Germany hoped the EU
would agree a free trade deal with India by the end of the year.
Trump said he would recommend a 50% tariff on the EU to
begin on June 1, which would result in stiff levies on luxury
items, pharmaceuticals and other goods produced by European
manufacturers. It, along with a separate threat targeting
smartphone maker Apple ( AAPL ), sent the global market roiling
after weeks of de-escalation provided some reprieve.
The European Commission "has our full support in
maintaining our access to the American market, and I believe
such tariffs don't help anyone. They would only cause economic
development in both markets to suffer," Wadephul said.
"That's why we continue to pursue negotiations and
support the European Commission. We want to defend Europe and
the European market while simultaneously exerting the power of
persuasion in America."
Separately, Wadephul said he had discussed deepening
defence ties and Indo-Pacific security with Jaishankar.
(Reporting by Matthias Williams
Editing by Ludwig Burger and Thomas Seythal)