The European Union strongly opposes potential 30 percent tariffs threatened by the US government, labeling them as absolutely unacceptable. The bloc is committed to implementing countermeasures if necessary, with plans to target $24.5 billion worth of US goods. EU representatives, including Maros Sefcovic and Lars Lokke Rasmussen, advocate for negotiation over conflict. The potential tariffs have raised concerns among European leaders and businesses, particularly affecting Germany's export industry. In response to the escalating trade tensions, European stock markets experienced declines, particularly in sectors such as automotive and alcohol.
The European Union has promised to take countermeasures against the United States if the Trump administration introduces 30 percent tariffs on imports from the bloc next month.
Sefcovic emphasized that the EU wanted to reach an agreement through negotiations, stating, 'I'm absolutely 100 percent sure that a negotiated solution is much better than the tension we might have after August 1.'
The EU remains ready to react and that includes robust and proportionate countermeasures if required, with a strong feeling of unity among member states.
Trump's trade war escalation has alarmed European politicians, with German Chancellor Friedrich Merz noting that high US duties would hit the German export industry to the core.
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