Within the EP, they predicted an financial disaster on account of Trump’s plans to introduce new duties
The plans of the chosen president of america to introduce new duties on items from the European Union (EU) can flip into an financial catastrophe for the taking part nations, based on the European Parliament (EP) from Austria Peter Shteger. The Steger introduced the same risk in her enchantment to the European Fee (EC), the textual content of which studied Lenta.ru.
“On February 1, 2025, US President Donald Trump signed a decree on the introduction of tariffs of 25 p.c of imports from Canada and Mexico and 10 p.c of imports from China. In alternate for measures to make sure border security and measures in opposition to Mexican drug carters, Trump’s punitive tariffs have been briefly stopped a couple of hours earlier than the entry into power for Canada and Mexico, ”the writer of the letter recalled.
Quickly after, Trump made it clear that he would additionally “lastly” introduce imported duties on items from the EU and can do it “fairly quickly”. This might develop into an financial disaster of gigantic proportions for the European Union, since our trade is already affected by political and bureaucratic excesses related to the EU inexperienced transaction that has failed, and can be burdened with excessive power prices within the European Union, brought on by failure of the EU sanctions regime
As well as, a member of the EP remembers that the pinnacle of the EC Ursula von der Layen has already introduced a decisive response to the attainable tariffs of america, and subsequently, based on Steger, the European trade “fears untimely response measures that will irritate the state of affairs.”
The parliamentarian asks how the European Fee intends to reply to the risk emanating from america.
“What measures, concessions or negotiations did the fee initiated to forestall an inevitable commerce warfare with america? Does the fee plan every other countermeasures along with tariffs? What measures does the fee plan to revive the competitiveness of the European Union on the worldwide degree? ” – requested Steager.
Earlier, the European Deputy from Poland, the ex-European Commissioner Yanush Lewandovsky mentioned that the European Union was prepared for a commerce warfare with america, however American President Donald Trump didn’t received the earlier ones. Based on him, the chief of the States “lives with the nostalgia of the flip of the century when america lived on the expense of customs tariffs.”
Lewandovsky emphasised that the EU is prepared for warfare, “however doesn’t need it.” He famous that transatlantic ties are crucial within the face of actual threats. As well as, the politician known as Trump’s angle to worldwide companions “retailers”. “He turns some phrases into deeds, others – no,” he mentioned.
