The EU states that the 30% US tariff is detrimental to both parties' interests, and it will take retaliatory measures if necessary.
July 13th. On July 12th local time, European Commission President von der Leyen made a statement in response to a letter from U.S. President Trump. The letter outlined revised tariff rates and a new schedule. The statement noted that the U.S. imposition of a 30% tariff on EU exports would disrupt a key transatlantic supply chain, harming the interests of businesses, consumers, and patients on both sides. Globally, few economies can rival the EU in terms of openness and adherence to fair trade rules. The EU has always been committed to resolving differences with the U.S. through negotiation. The EU remains ready to work towards an agreement by August 1st. In the meantime, all necessary measures will be taken to safeguard the EU's interests, including adopting proportionate retaliatory measures when needed. The EU will also continue to deepen global partnerships, firmly rooted in rule-based international trade principles. (CCTV) [BlockBeats]
The EU states that the 30% US tariff is detrimental to both parties' interests, and it will take retaliatory measures if necessary.
July 13th. On July 12th local time, European Commission President von der Leyen made a statement in response to a letter from U.S. President Trump. The letter outlined revised tariff rates and a new schedule. The statement noted that the U.S. imposition of a 30% tariff on EU exports would disrupt a key transatlantic supply chain, harming the interests of businesses, consumers, and patients on both sides. Globally, few economies can rival the EU in terms of openness and adherence to fair trade rules. The EU has always been committed to resolving differences with the U.S. through negotiation. The EU remains ready to work towards an agreement by August 1st. In the meantime, all necessary measures will be taken to safeguard the EU's interests, including adopting proportionate retaliatory measures when needed. The EU will also continue to deepen global partnerships, firmly rooted in rule-based international trade principles. (CCTV) [BlockBeats]
