The global economic breakdown can reduce the GDP world by 7% – the equivalent of German and France economies are combined.
The European Union is not looking for an increase in a trade confrontation with the United States, but is ready to proportional to the new duties of the Donald Trump administration. This was said by the European Commissioner for Economics Valdis Dombrovskis at Kyiv on Thursday, March 20.
According to him, the EU defends a multilateral trading system, but Washington has already introduced duties to European steel and aluminum. Brussels in response prepares two packages of a countermeanter – the first one will enter the force on April 1, the second is expected in the middle of -April.
Dombrovskis also emphasized that global economic deterioration could reduce the GDP world by 7% – the equivalent of German and France economies were combined.
Remember that the European Union has accepted countermeasures against new US tariffs for metals. In particular, the EU will introduce its own duties to American goods worth 26 billion euros.
The European Union also plans to hinder the importation of certain food products made according to other standards. This decision is an echo of US President Donald Trump.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.