After imposing rates on Mexico, Canada and China over the weekend, US President Donald Trump threatened to do the same with the European Union (EU) and the United Kingdom.
In speech to the BBC, the US president said yesterday that tariffs against the EU “will definitely happen.” Regarding the UK, Trump did not rule out tariffs, but said the situation “can be resolved.”
On Saturday (01), Trump officialized tariffs to imports of Mexico and Canada by 25% and China by 10%. The tariffs come into force tomorrow (04). Canada has already announced retaliation and the expectation is that Mexico also reacts.
Washington’s tariff attitude reinforces fears about a possible trade war.
On Sunday (2), the European Union commented on the United States decision to impose new rates on Canadian, Mexican and Chinese imports, stating that it will “respond firmly” if the taxes are also applied to the European bloc.
“The EU is firmly convinced that low tariffs promote economic growth and stability, but will respond firmly if unfair tariffs are applied,” the European Commission said.
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Yesterday, German chancellor, Olaf Scholz, with new commercial barriers, as everyone benefits from globalization.
Asked about a possible EU retaliation, Scholz said the block has “space for action” as a great economic power.
“We will try to continue economic relations with the perspective of cooperation and collaboration,” said social democratic chancellor after a meeting with British Prime Minister Keir Stmerer in Checker, country house of prime ministers northwestern London.
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(With Estadão Content)
