Economy

EU Prepares Strategic Response to US Tariffs, Awaits Trump's Announcement

EU to Counter US Tariffs with Calculated Measures

European Commission spokesperson Olof Gill announced on Wednesday that the European Union is poised to respond "at the appropriate moment" to the impending tariffs from the United States. The EU's strategy includes two distinct approaches: one targeting steel and aluminum tariffs, and another consolidating all additional levies.

Assessing the Impact Amid Uncertainty

Gill highlighted the challenges in calculating the tariffs' economic impact due to the lack of clarity on President Donald Trump's specific measures. Despite these uncertainties, the EU is committed to advocating for a negotiated resolution, emphasizing the readiness to swiftly arrange discussions with US officials if necessary.