‘Let Sense Prevail’: European CEOS Still Hope to avoid a US trade war

European Business Leaders have broadly Sought to downplay concerns about the principal of a transatlantic trade war At this week’s world economic forum in davos.

Us President Donald Trump has REPEATEDLY PLEDGED To impose tarifs on goods important from the european union, prompting The bloc to warn that it stands ready to respond to additional duties “in a proportionate way.”

Speaking to reporters earlier in the week, the newly inaugurated us president said the eu has been “very, very bad to us. So, they’re going to be in for tarifs. It’s on . “

His comments came as the trump administration also considers imposing an additional 10% tariff on Goods Imported from China, potentially starting as next month.

For Business Leaders Attending The Annual Wef Meeting In Switzerland, The Reaction to Trump’s Tarifs Threats Has Been Decided Mixed.

Jpmorgan chase Ceo Jamie Dimon on Wednsday said That the duties trump is expected to slap on us trading partners can be Viewed positively, touting that people should be “Get over it.”

UBS CEO Sergio Ermotti, Meanwhile, Warned That interest rates were not likely to fall as fast, if US tarifs stoke inflation.

Siemens CEO Roland Busch Described The German Industrial Giant as “Tariff-Preof,” AMID FEARS of a Us-Eu Trade War.

Asked About Concerns Over How the Tariffs Block Impact His Business, Busch Said Siemens was a “Global Company” Global Company “That Alredy has a Relatively Large Presence in the US

“We are very much (serving) local to local, Same for other regions, for china (and) for europe,” Busch said.

Siemens Chief Executive Cited the firm’s roughly $ 10 billion acquisition Of us engineering software firm altair, saying the company has recently been expanding its us footprint.

“On the other side, tariffs normally they increase infection by definition, so it doesn’t real s to The minimal level, “Busch Told CNBC.

“Free Trade and low tariffs, I think, is really a driver for grow,” He added.

The Chief Executive of Danish Wind Turbine Manufacturer Vestas on thursday said that the idea that tariffs will bring the world to a better place is “at least a new theory to many to many to many of us.”

Vestas’ Henrik andersen also warned that additional duties on important good goods will likely create an inflation risk.

Asked about the prospect of trade tariffs in europe and the Souring regulatory environment for green energy In the US, Vestas’s CEO Told CNBC: “I think to bot, i will say, let sense prevail.”

Sap CEO Christian Klein on Chiursday said that us tarifs would not be helps, underlining the importance for technology companies to make deals with global traders.

“I would say tarifs are not helping global trade. And when you look (at) the dependency between europe and the us, or the united states and China, I do’t’t beLie that is good,” KLINLIN TOLD CNBC.

Sap’s Klein said hee’d been talking to several leaders in davos about how sap can support them with his supply chain and finance software.

“Because, You Know, Everyone is Doing Business in China. Int Supply Chains, “He added.