“We will react firmly”: The European Union (EU) is preparing retaliation in case Donald Trump put duties on goods from Europe. – The EU will strongly react to the actions of every trade partner who will impose duties on goods from the European Union unfairly or arbitrarily. The rate is high – says spokesman for the European Commission Olof Gill quoted by Bloomberg.
Important decisions in Warsaw: Bloomberg adds that officials of the European Commission and representatives of the Member States are to discuss the possibility of responding to the possible actions of Donald Trump during Meetings of trade ministers, which is to be reached on Tuesday in Warsaw. According to the EC, “customs are harmful to all sides”, they lead to economic turmoil and They drive inflation. At the same time, Brussels sends signals that it has an offer for the USA. Ursula von der Leyen said, among others on increasing the import of American liquefied gas.
Trump threatens Europe: The American president recently stated that the new duties on the EU “will certainly be imposed”. He repeated his complaints about A huge commercial deficit of the United States in trade with the European Union (almost $ 157 billion – ed.). He expressed, among others Hope that Europe will import more American cars and agricultural products. According to CNBC, the EU sells the United States mainly Pharmaceutical cars and productsand imports mainly oil and natural gas from the USA.
First duties: Trump told journalists that there is no schedule so far imposing duties on goods from the EUbut “this will happen soon.” According to “The Guardian”, he admitted that “Americans may incur part of economic costs the emerging global trade war“Meanwhile, the American president has already given the first salvos in the potential Trade War with Canada, Mexico and China.
Response to American duties: Donald Trump He has already applied 25 percent and 10 % duties on China on Canada and Mexico. Canada announced retaliation duties on American goods, Mexico also announced them, and a special statement in this matter was issued by the Chinese department of trade, writing, among others, that Beijing strongly opposes American customs tariffs.
See also: Red stock exchanges, traffic on the dollar. More in the text .
Sources: ,,, IAR
Source: Gazeta

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