The European trade battleground is heating up! After U.S. President Donald Trump announced a sweeping 30% tariff threat if no deal is reached by August 1, EU trade ministers are huddling to strategize their next move.
Amid months of painstaking negotiations, the EU is considering a new package of countermeasures to be rolled out if the tariffs are imposed. At the same time, leaders emphasize that talks remain the top priority. As Ursula von der Leyen stated, the bloc is clear on its preference for a fair negotiated solution while staying ready to act if needed.
French President Emmanuel Macron recently urged EU institutions to “resolutely defend European interests,” a call echoed by voices in Germany. Chancellor Friedrich Merz and Finance Minister Lars Klingbeil have both stressed the importance of being prepared to take decisive action to protect European jobs and companies, should negotiations falter.
This high-stakes situation encapsulates the delicate balance of dialogue and decisive preparedness. With countermeasures on standby and talks ongoing, the EU's dynamic approach underscores its commitment to safeguarding its economic interests. ⚖️🤝
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EU trade ministers weigh response to latest Trump tariff threat
cgtn.com
