7 hours agoUS tariffs for the world economy, EU is preparing retaliation, says von der Leyeen
Periskopi(a year ago)
(a year ago)US tariffs are a “major blow to the world economy, and the European Union is preparing retaliatory measures that will be implemented if negotiations fail, European Commission President Ursula von der Leyeen has declared. “We are currently finalising the first package of retaliatory measures in response to tariffs on steel”, she said in [...]
“We are currently finalising the first package of retaliatory measures in response to tariffs on steel”, she said in a statement read in Uzbekistan, ahead of an EU- Central Azi partnership summit, she reports. The Guardian.
And now we are preparing for further rebuttal measures to protect our interests and businesses if negotiations fail”.
Earlier, US President Donald Trump posted a 10% minimum fee for most US imported goods, with a higher rate of 20% for the European Union.
Von der Leyen said the consequences of American tariffs would be “extraordinary”.
The global economy will suffer massively, uncertainty will increase and cause further spread of protectionism”.
“The consequences will be heavy for millions of people worldwide, including the most vulnerable countries, which are now facing some of the highest tariffs imposed by the US”, she said. /Periscope/
