Open the newsletter to watch the White House for free
Your guide to what the American elections mean 2024 for Washington and the world
The European Union said it regretted the decision of US President Donald Trump to strike Canada, Mexico and China with Comprehensive definitionsHe said he would respond firmly if the threat was fulfilled by the expansion of commercial measures to Europe.
Light Trump a World Trade War At the end of this week, the announcement of measures against three of the largest trading partners in the United States after the European Union, which has the largest trade deficit with Washington. The Trump administration has so far refrained from imposing definitions on the European Union, although the US President said on Friday that he would “do so completely.”
“There is a lot at stake.”
The spokesman said: “The comprehensive tariff measures raise the costs of work and harm workers and consumers.” “The definitions create an unnecessary economic disturbance and pushing inflation. They are harmful to all parties.”
The committee said on Sunday: “At this time, we are not aware of any additional tariff imposed on the products of the European Union.” “However, the European Union will firmly respond to any commercial partner that imposes unfairly or arbitrarily the tariffs on the European Union goods.”
European Union officials began making plans for the Trump war last summer.
The initial approach was to negotiate the regions that the European Union could buy more American products, such as LNG, and narrow the trade deficit that the president regularly surpasses. Some capitals are also a banking on pledges to increase the national defense spending in an attempt to satisfy Trump, who wants NATO members 5 percent of GDP on their army.
If all these efforts fail, the Committee's Trade Administration has spent months in developing lists of American imports that can reach its duties by 50 percent or more. Brussels has kept the details of these revenge measures as a secret so that Trump does not excite.
With the assertion sessions of Trump ongoing in Washington, a European Union official said that the European Union Trade Commissioner “is ready to participate once his counterparts confirm.”
Class Note, a member of the Board of Directors of the European Central Bank, said on Sunday that he is expected to split countries against American measures Worse It would harm all aspects.
“Europe will not want to pay it. Note, President of the Dutch Central Bank, told Dutch Television on Sunday:” We are also a strong business block with 400 million consumers, “said Europe, Note, President of the Dutch Central Bank, told Dutch Television on Sunday:
Trump imposed comprehensive definitions against Canada and Mexico by summoning the Law of Economic Forces in International Emergency, which allows him to rid the measures in response to “an unusual and unusual threat.”
He will need to find a justification for using the same tool against the European Union, or using the customs tariff that targets some industrial sectors for security reasons, as he did during his first presidency.
