At the opening of the Hanover industrial trade fair on Sunday, March 30, German Chancellor Olaf Scholz stated that Europe is prepared to act as one if the United States imposes tariffs on steel and aluminum.
This year's trade fair, featuring Canada as its partner country, gave Scholz a platform to address growing trade tensions.
Scholz stressed the importance of concluding more free trade agreements quickly. “That is the right response at this time,” he said, advocating for economic cooperation over conflict.
Addressing U.S. President Donald Trump's protectionist “America First” policies, Scholz called for more free trade, stronger competitiveness, and greater technological sovereignty. “Trade wars hurt all sides,” he warned.
In a notable moment, Scholz defended Canada's independence in response to Trump’s past remarks about annexing Canada and referring to it as the 51st U.S. state.
“We stand by your side!” Scholz declared. “Canada is not a state that belongs to anyone else. Canada is a proud, independent nation.”
Despite his strong rhetoric, Scholz’s Social Democrats failed to secure enough votes in the February 23 snap elections to retain control of the chancellery. Since March 25, Scholz and his former cabinet have been serving in a caretaker role until a new government is formed.
Scholz’s speech signals that Europe is ready to defend its economic interests while promoting cooperation through free trade.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of October, covering the latest developments you need to know.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of October, covering the latest developments you need to know.
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