The European Union has pledged to take decisive action in response to the newly imposed tariffs by U.S. President Donald Trump, while reassuring citizens that Europe is equipped to weather the storm. European Commission President Ursula von der Leyen announced the EU’s stance on Thursday. She emphasized that the bloc is preparing countermeasures to protect its interests.
The trade tensions between the EU and the U.S. have been escalating in recent months, with President Trump imposing new tariffs on various EU products. The latest move, announced on Wednesday, introduces blanket tariffs of 10% on most imports to the U.S., with higher penalties based on trade deficits for many countries. The EU has consistently maintained its commitment to free and fair trade. However, it will not hesitate to take action to defend its interests.
President von der Leyen emphasized that the EU is already finalizing its first package of retaliatory measures. It is preparing additional steps to protect its businesses. This preparation will occur if talks with the U.S. fail. The EU’s countermeasures are expected to target U.S. products, potentially affecting various sectors, including agriculture, automotive, and pharmaceuticals.
The tariffs imposed by President Trump are expected to have far-reaching consequences. Citizens and businesses on both sides of the Atlantic will be affected. President von der Leyen warned that the tariffs will lead to millions of citizens facing higher grocery costs. They will also face higher medication and transportation costs. Inflation will rise. It will hurt the most vulnerable citizens. The EU’s countermeasures are designed to mitigate these effects and protect the interests of European citizens and businesses.