European leaders are poised to retaliate swiftly against President Trump’s newly imposed tariffs on steel and aluminum, which they view as unjustified. The European Commission and trade authorities have stated their commitment to countermeasures to safeguard their economies, denouncing the potential inflationary effects and advocating for mutual resolution. Canadian and South Korean leaders have also voiced their concerns, emphasizing the need for diplomatic engagement.
European and global leaders have pledged immediate countermeasures following President Donald Trump’s recent decision to impose 25% tariffs on all steel and aluminum imports into the United States. This action, which poses the threat of igniting a global trade war, has been met with strong condemnation from various European officials.
Ursula von der Leyen, President of the European Commission, expressed her deep regret over Trump’s announcement and stated, “Unjustified tariffs on the EU will not go unanswered.” She affirmed that the European Union (EU) would implement firm and proportionate countermeasures to protect its economic interests, including its workers, businesses, and consumers.
Maroš Šefčovič, the EU’s trade commissioner, highlighted the potential inflationary effects of these tariffs and reiterated the bloc’s commitment to achieving a mutually beneficial resolution. He remarked, “The EU sees no justification for the imposition of tariffs on our exports, which are economically counterproductive.”
Following Trump’s directive, the tariff rate on aluminum has escalated from 10% to 25%, with all exemptions and quota agreements eliminated. The President emphasized the simplicity of the tariffs, noting, “it’s 25%” on imports from all countries. He has also indicated the potential for reciprocal tariffs on nations that impose taxes on U.S. imports, and he is considering tariffs on vehicles and pharmaceuticals.
Canadian Prime Minister Justin Trudeau reacted by asserting that Canadians would respond strongly to this development, describing Trump’s actions as “unacceptable.” South Korea’s acting president, Choi Sang-mok, confirmed Seoul’s commitment to safeguard its companies and explore diplomatic avenues amid this tension.
Chancellor Olaf Scholz of Germany emphasized the EU’s unity, stating, “If the US leaves us no other choice, the EU will respond as one.” He recognized the collective economic strength of the EU with its 450 million citizens. France’s industry minister, Marc Ferracci, warned of indirect impacts stemming from U.S. tariffs on Chinese exports, urging a unified response from Europe.
In summary, President Trump’s imposition of tariffs on steel and aluminum has prompted strong reactions from European leaders, who vow to retaliate and protect their economic interests. The situation highlights the potential for escalating trade tensions between the U.S. and its allies. European officials have expressed a collective commitment to respond firmly and in unity against such measures.
Original Source: www.theguardian.com
