Global economy will ‘massively suffer’ from Donald Trump tariffs, Ursula von der Leyen warns – Europe live
European Commission president hopes to move from confrontation to negotiation after Trump attack on ‘pathetic’ EUWhat are tariffs and why do they matter?The EU has some options when considering its response to overnight announcements, including retaliating with tariffs on US goods and services and forming closer ties with other countries.The bloc has already rejected one possible option: fold your cards. But vowing retaliation is only the start.“The announced tariffs are an unprecedented attack on the international trading system, free trade, and global supply chains. The rationale for this protectionist escalation is incomprehensible. It threatens our export-oriented companies and jeopardizes prosperity, stability, jobs, innovation, and investment worldwide. The European Union can only act as a united front. This applies to the 27 member states as well as across sectors. The EU has its own instruments for an effective counter-reaction, which it can use decisively. We support the Commission’s strategy of remaining willing to negotiate, aware of Europe’s strengths, and responding flexibly to potential offers. Continue reading...
European Commission president hopes to move from confrontation to negotiation after Trump attack on ‘pathetic’ EU
The EU has some options when considering its response to overnight announcements, including retaliating with tariffs on US goods and services and forming closer ties with other countries.
The bloc has already rejected one possible option: fold your cards. But vowing retaliation is only the start.
“The announced tariffs are an unprecedented attack on the international trading system, free trade, and global supply chains. The rationale for this protectionist escalation is incomprehensible. It threatens our export-oriented companies and jeopardizes prosperity, stability, jobs, innovation, and investment worldwide.
The European Union can only act as a united front. This applies to the 27 member states as well as across sectors. The EU has its own instruments for an effective counter-reaction, which it can use decisively. We support the Commission’s strategy of remaining willing to negotiate, aware of Europe’s strengths, and responding flexibly to potential offers. Continue reading...
