Transatlantic trade tensions are heating up! U.S. President Donald Trump announced a whopping 25% tariff on European imports, targeting cars and more. 🚗💼
European leaders aren't taking this lying down. They’ve pledged to respond \"firmly and immediately\" against what they call \"unjustified barriers\" to free trade. The European Commission highlighted that U.S. businesses have thrived in Europe thanks to a unified market with reduced costs and standardized regulations.
European Parliament President Roberta Metsola emphasized the shared values between Europe and the U.S., warning against isolation and reaffirming the EU's commitment to fair trade. 🇪🇺🤝🇺🇸
Countries like France, Spain, and Italy are standing strong. French Economy Minister Eric Lombard and Defense Minister Sebastien Lecornu called for proportionate and immediate reactions, while Spanish Prime Minister Pedro Sanchez stressed the importance of unity and open trade in the face of Trump's tariffs.
Italian industry leaders are sounding alarms too, warning that these tariffs could disrupt trade and threaten jobs across Europe. As the situation unfolds, all eyes are on how this trade showdown will impact global markets.
Reference(s):
European countries vow retaliation against Trump's tariff threat
cgtn.com
