EU finance chiefs urge caution in retaliation over Trump tariffs

German finance minister Joerg Kukies called for Europe to 'constructively engage' with the new administration, adding that it’s not yet clear what steps Mr Trump might take

Finance Minister Jack Chambers: 'We need to be careful that we don’t get into a tit-for-tat of retaliatory measures.'

EU finance chiefs warned against precipitous moves to counter Donald Trump’s threats of tariffs on goods from the bloc on his return to the White House.

“We need to be careful that we don’t get into a tit-for-tat of retaliatory measures and protectionism, which will add significant costs and burdens,” Finance Minister Jack Chambers told reporters ahead of a meeting of EU counterparts.