EU Stands Firm Against U.S. Tariff Threats
The European Commission has rejected U.S. President Donald Trump's proposed new trade policy, citing no justification for increased tariffs. With the EU maintaining low tariffs, they plan a firm response to any new U.S. tariffs, focusing on negotiation but preparing countermeasures if necessary.
The European Commission firmly opposed President Donald Trump's proposed reciprocal trade policy, signaling a strong response if the U.S. imposes increased tariffs. Describing the policy as misguided, the Commission stands ready to defend existing low tariffs on the EU’s exports.
The EU highlighted its globally low tariff rates, with over 70% of imports duty-free, countering claims of unjustly high tariffs detailed in a White House fact sheet. The fact sheet pointed out disparities like the 10% EU car import tariff versus 2.5% in the U.S.
In light of Trump’s recent tariffs on steel and aluminum, EU President Ursula von der Leyen pledged proportionate countermeasures. EU trade ministers encourage negotiations during this window, as three EU diplomats emphasize readiness for firm action if U.S. tariffs are enacted.
ALSO READ
-
Colombia Bets on Vaccine Manufacturing to Build Health Security and Cut Import Dependence
-
Colombia Gets €15 Million Boost to Build Vaccine Capacity and Cut Import Dependence
-
France Plans Housing Hub to Unlock European Funding and Technical Expertise
-
EU and EIB Launch Investor Pact to Help European Tech Firms Compete on Global Stage
-
EIB- UNDP €15 Million Partnership Backs Recovery for Communities in Crisis
Google News