22:50 GMT +318 June 2019
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    A demonstrator holds a fan with No! TPP in a protest against the Trans Pacific Partnership (TPP) trade deal at a sit-in demonstration in front of the parliament building in Tokyo

    US Withdrawal From TPP to Open New Opportunities for Germany – Vice-Chancellor

    © AFP 2019 / TOSHIFUMI KITAMURA
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    German Vice Chancellor Sigmar Gabriel said that the decision of US President Donald Trump to withdraw the country from TPP free trade agreement will open new opportunities for the German economy.

    MOSCOW (Sputnik) – The decision of US President Donald Trump to withdraw the country from the Trans-Pacific Partnership (TPP) free trade agreement will open new opportunities for the German economy, German Vice Chancellor Sigmar Gabriel said.

    “If Trump launches a trade war against Asia and South America, that will open opportunities for us,” Gabriel told the Handelsblatt media outlet on Monday.

    He also criticized Trump’s warning that to impose a 35-percent import tariff on German cars.

    On Monday, Trump issued an executive order to begin withdrawing the United States from the TPP deal.

    The TPP free trade deal, covering 40 percent of the global economy, was signed last February by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States.

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    Tags:
    Trans-Pacific Partnership (TPP), Donald Trump, Sigmar Gabriel, United States, Germany
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