EU ready to react to ‘unnecessary and stupid’ tariffs threatened by Trump, leaders say – Europe live
European leaders gather chiefly to discuss defense but US president’s threat of trade war dominates agenda
From
First EU reactions to Trump's tariff threats against the bloc - summary
Jakub Krupa
EU leaders have signalled that the bloc would be prepared to retaliate against the US if Donald Trump followed through on his threats to impose tariffs on European goods.
Speaking
ahead of their informal meeting in Brussels, they repeatedly called for
calm and stressed the value of EU-US cooperation, but indicated that
they would not hide away from responding with tariffs if targeted first.
- EU foreign policy chief Kaja Kallas said the bloc was “listening carefully” to Trump’s comments and “preparing on our side” to respond if needed.
However,
she stressed that “there are no winners in trade wars” and pointed out
that China would be the only beneficiary of that scenario.
- French president Emmanuel Macron said that if Europe is “attacked in terms of trade ... [it] will have to stand up for itself and therefore react.”
- Polish prime minister Donald Tusk said the EU should do all it can to avoid “totally unnecessary and stupid tariff wars,” adding it would be a “cruel paradox” if the bloc was forced into a trade war with a long-standing ally.
- Danish prime minister Mette Frederiksen, who is already embroiled in a separate crisis with Trump over the future of Greenland, said that while she would typically “never support fighting allies, if the US puts tough tariffs on Europe, we need a collective and robust response.”
- Luxembourg’s prime minister Luc Frieden also said that “the answer to tariffs is to reply with [the] same action,” but insisted it should not overshadow today’s discussions on defence.
But some leaders struck a more conciliatory tone.
- German chancellor Olaf Scholz said any tariffs would be “bad for the US and bad for Europe,” and stressed the need for cooperation to resolve this situation.
- Finnish prime minister Petteri Orpo said: “We have to negotiate with Trump,” before adding: “I am not going to start a war, I want to start negotiations.”
Time to get closer with Britain, Poland's Tusk says
Poland’s Tusk also spoke about the British part of the summit, with UK prime minister Keir Starmer joining EU leaders for dinner, saying it was his initiative (Poland holds the EU’s rotating presidency until July) to invite him over to Brussels:
I am really keen that, regardless of Brexit and its consequences, to have the UK as close as possible to the EU when it comes to security issues, defence industry, and to find ways to eliminate or reduce barriers in trade between the UK and Europe.Today is the moment to get as close as possible again.
Trump tariffs live: EU shares tumble after Canada, China, Mexico trade wars
- Live updates Live updates, list 1 of 10
Published 1 minutes ago1m ago
EU must ‘stand up for itself’ if hit by Trump tariffs: Macron
list 2 of 10
Published 16 minutes ago16m ago
WATCH: Trump threatens tariffs against EU
list 3 of 10
Published 31 minutes ago31m ago
EU leaders’s biggest concern is getting ‘caught in the middle’ of a US-China trade war
list 4 of 10
Published 46 minutes ago46m ago
Denmark PM repeats Greenland is not for sale
list 5 of 10
Published 1 hours ago1h ago
Germany’s Scholz says EU can react to tariffs but favours cooperation
list 6 of 10
Published 1 hours ago1h ago
What you need to know about NAFTA
Trump Tariffs: EU Leaders Say They'll React to President's 'Stupid Tariff War' - Bloomberg
=
The Dumbest Trade War Fallout Begins
Canada and Mexico vow retaliation in response to Trump’s tariffs, amid new economic uncertainty.
President Trump conceded Sunday that there may be “some pain” from his
sweeping tariffs on Mexico and Canada, but they will eventually lead to a
new “GOLDEN AGE.”
Nice of him to promise a glorious future because the
pain is already unfolding, and the tariffs won’t even take effect until
Tuesday.
“WILL
THERE BE SOME PAIN?
YES, MAYBE (AND MAYBE NOT!).
BUT WE WILL MAKE
AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE
PAID,”
---- Mr. Trump posted on Truth Social on Sunday morning.
- He also included a blast at these columns for leading the “Tariff Lobby” after our Saturday editorial called his 25% across-the-board tariffs on our friends and neighbors “the dumbest trade war in history.”
We appreciate Mr. Trump’s attention, though we’re anti-tariff and not lobbyists. But bad policy has damaging consequences, whether or not Mr. Trump chooses to admit it . . ."
EU Vows Trade Retaliation With Tusk Slamming 'Stupid Tariff War'
Wall Street Journal editorial calls Trump tariffs 'dumbest trade war in history' | Trump administration | The Guardian
Global markets roil as Trump slaps tariffs on Canada, Mexico and China
No comments:
Post a Comment