Trump Vs EU BIG Face-off On Tariff War: US Braces For Major Impact As Europe Vows Retaliation
Video Credit: Oneindia - Duration: 05:39s - Published
Trump Vs EU BIG Face-off On Tariff War: US Braces For Major Impact As Europe Vows Retaliation
The European Union has strongly responded to President Donald Trump’s warning about tariffs, vowing to retaliate if the US imposes new trade barriers.
Trump’s administration is set to target the EU with tariffs, building on previous moves against Canada, Mexico, and China.
In a sharp response, EU leaders, including French President Emmanuel Macron and German Chancellor Olaf Scholz, emphasized that Europe would not back down, warning that a trade war would harm both sides.
While Trump has argued for fairer trade contributions from European nations, the EU insists that any new tariffs will disrupt both economies.
With escalating tensions, the EU has made it clear that it will act in defense of its interests, signaling a potential showdown in global trade relations.
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The government says it has been clear on its "red lines" regarding membership of the European Union, insisting it has no plans to rejoin the Customs Union or reintroduce freedom of movement. However, Schools Standards Minister Catherine McKinnell also says it is important to improve trading relations and security and defence arrangements with our "nearest trading partners". Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The US president on Sunday repeated his warning that the EU and UK could both face trade tariffs, days after announcing tariffs against Canada, Mexico and China.
Credit: euronews (in English) Duration: 01:20Published
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