The EU is “determined to respond” to the actions of any trading partner who is unfairly introducing duties.
The European Commission warned President US Donald Trump about the consequences of possible trade wars following his recent tariff decisions. This was stated in the EC statement on Sunday, February 2.
“The European Union regrets the US decision to introduce duties to Canada, Mexico and China,” the report said.
According to the EU representative, open markets and compliance with international trade rules are of importance for strong and sustainable economic growth. Tariffs cause unnecessary economic shocks and stimulate inflation, “damaging all parties.”
The European Union representative noted that the EU “certainly responded” to the actions of any trading partner who was unfairly introducing duties.
“Our trade and investment relationships in the United States are the largest in the world.
From the EU point of view, both sides must work to strengthen existing relationships. The press secretary noted that some additional US tariffs for EU products are still unknown.
Earlier, Donald Trump said he intends to introduce duties to products from EU countries.
Source: korrespondent
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