German finance minister says US tariffs 'have only losers', calls for fair negotiations

German Finance Minister Lars Klingbeil called Wednesday for U.S. President Donald Trump's "tariff conflict" to end.

Klingbeil made the comments at a joint news conference, following a meeting with French Finance Minister Eric Lombard in Genshagen, Germany.

"They threaten the American economy at least as strongly as companies here in Europe, and so this tariff conflict must be ended," Klingbeil told reporters.

He also stressed the need for "serious and goal-oriented" negotiations with the Trump administration.
Klingbeil said both Germany and France want a "fair deal", but if the two countries did not succeed in getting a "fair negotiated solution", there will be "counter-measures".

He also emphasized that both Germany and France will remain open with "hands outstretched", but refuse to comply completely in all matters.

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