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US tariffs threat a 'damaging escalation' for all, Germany industry says

( January 19, 2026, 11:32 GMT | Official Statement) -- MLex Summary: Punitive trade tariffs announced by US President Donald Trump are an "inappropriate and for all sides damaging escalation," Peter Leibinger, president of the Federation of German Industries, or BDI, said on Monday. The threat puts trans-Atlantic relations under ''enormous pressure,'' and Berlin, together with EU partners, is right to make clear that it won't accept it. Considerations on counter-tariffs or use of the EU anti-coercion tool are plausible, the BDI said. At the same time, it is important that the EU keeps channels for dialogue open and pushes for de-escalation, the body said.Statement follows. ...

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