Economy

EU Prepares to Strike Back as Trump Eyes European Goods for Tariffs

EU Stands Firm Against Potential US Tariffs

The European Union has issued a stern warning in response to US President Donald Trump's consideration of imposing tariffs on EU products. This move follows the recent imposition of sweeping levies on Canada, Mexico, and China, sparking concerns of a global trade war.

Expressing regret over the US decision, an EU Commission spokesperson described the tariffs as an unnecessary economic disruption that could lead to inflation. The EU remains committed to promoting low tariffs and a rules-based trading system but is prepared to respond firmly if its exports are adversely affected.

Global Trade Tensions Escalate

Despite hopes for a peaceful resolution through negotiations, President Trump has indicated his intention to target European goods next. This has already led to significant backlash from Canada and Mexico, intensifying fears of a widespread trade conflict.