• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

European Union Responds to Trump's Tariff Threats

user avatar

by Giorgi Kostiuk

2 months ago


The European Union announced intentions to retaliate against tariffs proposed by the Trump administration on goods imported from the region. Valdis Dombrovskis, EU Commissioner for the Economy, emphasized that the EU is prepared to defend its economic interests.

Response to EU's Core Interests

Trump's administration continues to threaten the European Union with tariffs as protectionist trade initiatives for the U.S. economy. However, Valdis Dombrovskis stressed that the EU is ready to defend its values, rights, and interests whenever necessary.

Tariff Threats from the U.S.

Since assuming office on January 20, Trump has consistently threatened to impose tariffs on imports from the EU. He argues that Europe is 'very, very bad' to the U.S. and therefore, will face tariffs as a way for the U.S. to obtain fairness. In 2023, the EU exported over 502 billion euros worth of goods to the U.S., far exceeding the import volume of more than 340 billion euros.

Reaction from European Leaders

Dombrovskis explained that the U.S. and Europe are strategic allies, and it is vital for the two regions to cooperate on geopolitical and economic matters. Spain's Prime Minister Pedro Sanchez noted that the EU is not interested in a trade war, emphasizing that such conflict would be a 'zero-sum game' for both parties. He stressed the importance of bolstering transatlantic relations.

The EU and the U.S. have the most developed bilateral trade and investment relationships worldwide. Leaders urge to avoid trade wars that could significantly harm the global economy.

0

Share

Other news

Fear and Greed Index Drops: Impact of Trump's Tariffs on Crypto Market

The Fear and Greed Index fell to 25 after Trump's tariff announcement, impacting the crypto market.

user avatarGiorgi Kostiuk

6 minutes ago

Galaxy Digital Strengthens with FCA License for UK Derivatives Trading

Galaxy Digital secures FCA license for UK derivatives trading, bolstering its position in the digital asset market.

user avatarGiorgi Kostiuk

7 minutes ago

Arctic Pablo Coin: Leading Meme Coin of 2025

Arctic Pablo Coin ($APC) is a promising meme coin with a unique narrative. We explore its potential and compare it to SPX6900.

user avatarGiorgi Kostiuk

7 minutes ago

AI Brings Back Voice to Paralysis Patient After Stroke

AI restores speech to paralyzed patient, creating new avenues in medicine and communication.

user avatarGiorgi Kostiuk

7 minutes ago

Brain implants by Neuralink seek global trial participants

Elon Musk seeks quadriplegic patients for testing its brain-computer interface.

user avatarGiorgi Kostiuk

8 minutes ago

Remittix: A New Hope for Ethereum and Polygon Investors in 2025

Remittix attracts attention with its utility, raising over $14.3 million in presale.

user avatarGiorgi Kostiuk

27 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.