European Union's Stance on Potential US Tariffs

Valdis Dombrovskis, the European Commission's Executive Vice-President and Commissioner for Trade, made it clear that the European Union is prepared to counteract any tariffs imposed by US President Donald Trump. In a statement to CNBC during the World Economic Forum in Davos, Dombrovskis emphasized the EU's readiness to protect its values, interests, and rights if the situation demands.

Defending Values and Interests

Dombrovskis highlighted the EU's commitment to a proportionate response, ensuring that any measures taken would be in line with international trade laws and principles. The EU's approach reflects a balance between defending its economic interests and maintaining a constructive dialogue with the United States.

More updates to follow as the situation develops...