US delaying car tariffs a 'wise decision,' EU finance chiefs say

to cut its growth projections for the year. Growth in the region — and especially Germany — is sensitive to external shocks due to its export-driven economy.For a strong world economy it's important that "we increase trade and not increase new barriers," Olaf Scholz, the German finance minister told CNBC Thursday.Trump threatened to impose 20% tariffs on European cars back in 2018, arguing there's a trade imbalance threatening the U.S.'s national security.

However, both sides have not yet started discussing a trade deal. "Each day when we don't have a trade war between Europe and the United States is a good day," Kristian Jensen, the Danish finance minister, told CNBC in Brussels. "And the longer the postponement, the more we can work to get off the table," he added.

POTUS AND TARIFFS AN AMERICAN OBSESSION

Germany just wanted to sale their cars. Doesn't Care about the world balance or not Trade is meaning full to be fair for both. I don't think that fair enough.

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