The European Union, which lamented this Sunday’s decision to impose tariffs on Canada, Mexico and China, has promised to respond with “firmness” if their products are also affected by arbitrary measures of the administration of President Donald Trump.
“The He would respond firmly To any commercial partner who imposes tariffs unfairly or arbitrary to EU products, “said a spokesman for the European Commission after Trump has signed three executive orders with which he fulfilled his threats to impose 25% tariffs on Canada and Mexico and 10% to China.
These are measures that They will come into force next Tuesday and those expected that these countries will respond with commercial reprisals. In the case of Canada, it has recently been known that American products such as wines, beers and liquors are disappearing from their stores.
Possible tariffs to European Union products
“At the moment, We are not aware that additional tariffs are imposed on EU products“said the spokesman for the Community Executive. He recalled, on the other hand, that the EU’s commercial and investment relationship with the United States is” the largest in the world “and warned that” there is much at stake. “
Therefore, countries that make up the EU and the United States should consider strengthening this relationship, since generalized tariff measures increase business costs, harm the workers and consumers, the community spokesman stressed.
The He believes “firmly” that low tariffs boost economic growth and stability Within a solid and standards -based commercial system, the commission spokesman concluded.
Commercial relationship between the European Union and the United States
The European Union and the United States maintain the widest bilateral relationship of commerce and investment and the most integrated economic relationship in the world.
On the whole, They represent almost 30% of the world trade of goods and services and 43% of world GDP. In 2023, the transatlantic trade of goods and services was greater than 1.5 billion euros, according to data from the European Commission.
Some 10 million people on both sides of the Atlantic work in foreign subsidiaries of companies in the USA and the EU, which is a figure higher than the population of New York or Austria City.
