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EU is ready to retaliate against Donald Trump’s 20 percent tariff but will first try to discuss an agreement, the President of the European Commission said he warned that he would be “damaged” from US steps.
Trump on Wednesday Unveil 20 percent tariff On the block as part of its “mutual” duty against America’s largest trading partners. Trump has long accused the EU called “wrong trade practice.”
On Thursday, Ursula von der Laneen said the block was “ready to respond to the US Levis” but insisted that it preferred to discuss “removing any obstacles in TransATTLANTS trade”.
“We are already finalizing the first package of counter -measures in response to steel tariffs,” he said on a trip to Uzbekistan. “We are now preparing for further resistance, if the discussion fails to protect our interests and our business”.
Brussels is ready to impose tariffs up to US $ 26 billion In response to steel and aluminum duty April 12. It did not take revenge against 25 percent tariff on the export of cars announced last week.
Von deer Lenn proposed a olive branch to Trump, admitting that some countries were “taking advantage” of global trade rules.
However “reaching your first and last equipment will not fix this to the tariff”, he said that the tariffs “will damage customers around the world” and will increase the cost of grocery, drugs and transportation.
“The global economy will be greatly damaged,” he said.
Von Deer lane vowed that the targeted industries, including the EU cars and steel, would “stand” and protect its market from the US market forced from the dumped products.
“We will also closely monitor the indirect impact of these tariffs because we cannot take over the global power or we will not take dumping in our markets.
He added, “There is everything needed to make it through the European storm.” “We’re together in it. If you take one of us, you take all of us.”
Behind the screen, however Leaders are doing To ensure that their industries are protected from revenge for the EU counter -resistance. France has tried to scrap the proposed EU systems against Borban Whiskey, when Ireland asked to exclude dairy dairy responsibilities.
Italian Prime Minister Georgia Meloni, a Trump associate, said earlier The tariffs are “not in favor of both sides” And that he would seek an agreement with the United States to “prevent trade war”.
Trump has accused the European Union target the United States with a tariff of 39 percent of the tariff, an image that stands at about 1 percent.
Based on other factors such as the US President VAT, this image is based on the image, which has reached 2 27 percent among the member states, and restrictions on importing chicken with chlorine and other farm products.
The White House Block also targets the control of technology companies and digital taxes.
The EU exported $ 503 billion products to the United States in 2023, run a $ 157 billion surplus. However, its services had a $ 109 billion deficit.
I May target US servicesSuch as some intellectual property rights and companies exclude the government collection agreement under its control control.
One step further will be the first use of his “anti -anti -” “materials. However for any action, a member states must agree to a weighty majority.
IMD Business School Professor Simon Eolet says EU’s dependence on US military power to prevent Russia and its alternative market deficiency has restricted to the block.
“The revenge of European trade is a plusbo, providing solutions when the priority of the first-country priority and the diversity of exports is uninterrupted,” he said.
