Europe threatens to respond to American customs duties
European leaders confirmed their intention to respond firmly to the increase imposed by US President Donald Trump on customs duties imposed on steel and aluminum imports, which amounted to 25%, but they have not yet determined the nature of the counter -procedures they will take.
European officials expressed today, Tuesday, their hope for a trade agreement with the United States to avoid escalation, but at the same time they stressed that they are ready to take counter measures if a disease is not reached, according to the New York Times & American. /p>
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Marush Shevchevich, European Commissioner for Trade and Economic Security – In front of European Parliament members – confirmed that the new customs duties imposed by Washington represent & quot; a loser scenario for both parties & quot, adding that & quot; It is time to take a suitable European response & quot;, he said.
& nbsp; A situation that allows us to determine when to determine when our response will be tangible in accuracy & quot;
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economists at Goldman Sachs & nbsp; – in a research note today – that the imposition of customs duties is mutual It may lead to a balance in the fees on cars, explaining that this procedure will be mainly directed by the European Union, which contains a 10 percent tariff on cars & quot;
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Former US President Joe Biden had reached an agreement with European leaders during the year 2021, which allowed him to enter specific quantities of steel and aluminum to the United States without imposing customs duties. This agreement was extended in 2023 to remain valid until the end of this year. Unjustified fees will not pass without a response, noting that the European Union will take firm and proportional measures to protect its economic interests.
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