• 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

4 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

Why Asian Currencies Are Facing Headwinds Due to Dollar Strength

Asian currencies weaken amid dollar strength. Learn how this affects the market and what key events matter.

user avatarGiorgi Kostiuk

6 minutes ago

Bitcoin Overcomes Amazon with 2.04 Trillion USD Market Cap

Bitcoin reaches a market cap of 2.04 trillion USD with a 4.75% increase in the last 24 hours.

user avatarGiorgi Kostiuk

6 minutes ago

Cryptocurrency XYZVerse (XYZ) Expected to See Significant Growth by 2025

The $XYZ cryptocurrency is projected as a potential leader that could outperform popular assets by 2025.

user avatarGiorgi Kostiuk

8 minutes ago

German Authorities Seize $38 Million in Assets from eXch Exchange

German law enforcement has seized $38 million in assets and the servers of the eXch exchange as part of an ongoing investigation.

user avatarGiorgi Kostiuk

9 minutes ago

Cryptocurrency Market Shows Gains, But Traders Fear Manipulation

Despite rising cryptocurrency prices, concerns over market manipulation are growing. XRP and other assets are under suspicion.

user avatarGiorgi Kostiuk

10 minutes ago

Coinbase Completes Deribit Acquisition for $2.9 Billion to Expand Derivatives Services

Coinbase has acquired Deribit for $2.9 billion, significantly enhancing access to derivatives trading services on a global scale.

user avatarGiorgi Kostiuk

10 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.