EU threatens retaliation: Trump's tariffs escalate trade dispute!

EU threatens retaliation: Trump's tariffs escalate trade dispute!

Amid a growing trade dispute between the EU and the US, the chairman of the European Parliament's Trade Committee, Bernd Lange, has clearly distanced himself from US President Donald Trump's recent measures. Loud t-online.de Lange describes Trump's recent proposal to increase tariffs on European goods from 20 to 30 percent as "outrageous" and calls for decisive countermeasures from the EU.

This tariff increase comes at a time when a respectful dialogue is required between the two trading blocs given ongoing negotiations. Lange criticizes Trump's actions as disrespectful and shows no understanding of the circumstances under which these decisions were made. He proposes to immediately introduce special tariffs on US products in the EU in order to send a clear signal against the US's aggressive tariff policy.

EU strategies

The trade committee chairman highlights the need to mobilize the EU's economic strength to fight back against Trump's trade practices. In previous negotiations, the EU has offered, among other things, points such as the recognition of standards and certification processes as well as the development of investment opportunities in order to find a diplomatic solution.

Given the current situation, the EU has also considered the possibility of activating the EU instrument against coercive measures. This could lead to US companies having more difficult access to public contracts in the EU. Despite these approaches, Trump has announced that he will introduce new import tariffs of 30 percent as early as August 1st, which could put a strain on the quiet negotiations.

Difficult negotiations and possible answers

However, in the political landscape there is still hope that the USA will give in. After a conversation with US Economics Minister Wilbur Ross, Federal Economics Minister Peter Altmaier stated that the USA could not rule out giving in. Nevertheless, uncertainty remains about Trump's decisions. According to a report by fnp.de Crisis talks between EU Trade Commissioner Cecilia Malmström and Ross have so far failed to produce a breakthrough.

In recent weeks, Germany and France have called for a clear, unified course from the EU to respond to Trump's decisions. The EU insists that negotiations on trade barriers ensure an unconditional exemption from tariffs on steel and aluminum. The first retaliatory measures have already been announced, including tariffs on US products such as whiskey and jeans.

The tariffs are just one part of a broader debate over trade practices between the US and the EU. Meanwhile, high import barriers for European cars from the USA could also be considered. Altmaier emphasizes the importance of a common European response to protect jobs and maintain economic stability in the region.

The situation remains tense, with many eyes on Trump's decisions as investors and businesses prepare for possible impacts of tariff policy.