The tariff, which targets European goods including automobiles, was presented by Trump as a necessary measure against what he described as European trade practices that disadvantage American businesses. He accused the EU of blocking U.S. exports, particularly in the automotive and agricultural sectors.
In response, the European Commission emphasized that American companies have benefited significantly from investments in Europe.
Officials underscored that the EU's single market structure has enhanced trade and reduced costs for international businesses, including those from the United States.
The Commission also reaffirmed its commitment to protecting free and fair trade, vowing swift action against any unjustified trade barriers.
European Parliament leaders warned against economic isolation, emphasizing the shared values between Europe and the U.S. France and Spain echoed the call for unity, with French officials stressing the need for a strong and proportionate reaction.
Meanwhile, Spain's Prime Minister underscored the EU's commitment to open trade and cooperation, rejecting Trump's claims that the bloc was formed to undermine the U.S.
Other European leaders also voiced concerns over the impact of the tariffs. Italy, a key exporter, expressed apprehension about escalating trade disputes, with industry leaders warning that these measures could disrupt European economies and threaten jobs.
Calls for a more assertive response to U.S. policies have grown among European businesses, which fear long-term economic consequences.
IGIHE
Source : https://en.igihe.com/news/article/eu-vows-retaliation-amid-rising-trade-tensions-with-u-s
