Donald Trump’s commercial war against Europe already has a response from the EU. The Community Executive will impose from next April 1 Tariffs worth 26,000 million euros to a wide range of products from the United States in response to “unjustified” tariffs of 25% that the new US administration applies from Wednesday to imports of steel and European aluminum.
The EU “regrets the United States to impose such tariffs, which are unjustified and harmful to transatlantic tradeharmful to companies and consumers and that often result in higher prices, “summary community services in the first response to Washington.
Reactivation of tariffs
Brussels will reactivate the tariffs imposed in previous commercial crises of 2018 and 2020 to respond to the damage of 8,000 million to European productions and start up A new package in response to new US rates that affect more than 18,000 million euros of European contingents.
The president of the European Commission, Ursula von der Leyen, has made it clear that the EU “deeply regrets” the measures of the United States because Tariffs “are taxes”but has affirmed that Europeans are still willing to “establish dialogue.”
Willingness to collaborate with the US
In total, EU countermeasures could be applied to exports of US goods for a value of up to 26,000 million euros, An economic scope equivalent to that of American tariffs, encrypted at 28,000 million dollars.
Meanwhile, the EU says that it is still willing to collaborate with the US government to find a negotiated solution, and the aforementioned measures could be reversed at any time if said solution was reached.
Von der Leyen, has declared that “commercial relations between the European Union and the United States are the most solid in the world. They have brought prosperity and security to millions of people, and trade has created millions of jobs on both sides of the Atlantic.”
He has stressed that tariffs “are harmful to companies and still worse for consumers” and “are altering supply chains and generate uncertainty for the economy.” The president of the commission warns that “There are jobs at stake” and that “prices will rise, both in Europe and in the United States. “
Therefore, he concludes that “the European Union must act to protect consumers and companies. The countermeasures we adopt today are overwhelming, but provided. Since the United States applies tariffs worth $ 28 billion, we respond with countermeasures worth 26 billion euros. This coincides with the economic scope of US tariffs.”
The United Kingdom, “disappointed” with tariffs
For his part, the British company and commerce minister, Jonathan Reynolds, has been disappointed by the application by the United States of tariffs on steel and aluminum imports, but stressed that his government seeks “a pragmatic approach.”
In this sense, Keir Starmer executive does not provide immediate measures of retaliation, as the European Union announced, but Try to “quickly negotiate an economic agreement to eliminate additional tariffs “and thus benefit the British economy.
Reynolds has said that it will continue to collaborate “narrowly and productively” with the US to defend the commercial interests of the United Kingdom, although it maintains “all options on the table” and He will not hesitate to answer “for the sake of national interest”.
