The European Commissioner for the Economy reacts to the offensive of the new American president, who promised to impose «customs duties and taxes to foreign countries» this Monday in his inauguration speech.
The European Union is “ready to defend its economic interests” if necessary, assured Monday in Brussels the European Commissioner for the Economy Valdis Dombrovskis, questioned about Donald Trump's offensive on customs duties. Just after taking the oath of office at the Capitol in Washington, the new American president promised to impose “customs duties and taxes to foreign countries” without detailing possible measures.
A potential trade conflict would have a “substantial economic cost to everyone, including the United States”reacted European Commissioner Valdis Dombrovskis, after a meeting of Finance Ministers in Brussels. “If it is necessary to defend Europe's economic interests, we are ready to do so, as we did during the first Trump administration (2017-2021), when it introduced customs duties on steel and aluminumhe stressed.
At the time, the Europeans responded “proportionately”estimated this European commissioner, with surcharges on American products such as Harley-Davidson motorcycles and Bourbon. Faced with the threats brandished by Donald Trump, the European Union must also “work on the resilience of your economy”argued Valdis Dombrovskis, in “diversifying” its trade agreements around the world. Just before the inauguration of Donald Trump, the EU announced on Friday the strengthening of its trade partnership with Mexico. On Monday, the European Commission also indicated that it was resuming negotiations for a free trade agreement with Malaysia.
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