US President Donald Trump has found itself at the center of a potential trade war with the European Union after imposing tariffs on goods from Canada, Mexico and China. The European Commission expressed regret over Washington's decision and said that if additional tariffs were imposed on European goods, the EU would be prepared to provide « firm answer».
This was reported by URA-Inform, citing France 24.
A representative of the European Commission noted that the EU does not yet know whether the new tariffs on products from Europe. He stressed that trade and investment relations with the United States are very important for Europe, and the stakes are extremely high.
European leaders said they must seek to strengthen relations with USA, which is especially important in the context of global economic changes. The European Commission added that open markets and respect for international trade rules are essential for sustainable economic growth.
The EU has warned that it will respond to the US actions with decisive measures if new tariffs are introduced. The European Commission noted that the duties will lead to increased costs for businesses and will cause damage to both employees and consumers.
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