Trump's tariff threats will not force us into submission.
Hardline Approach: EU Fights Back against Trump's Tariffs
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Europe is taking a strong stance against US tariffs, imposing counter-tariffs on American goods such as bourbon, jeans, and motorcycles.
ntv.de: EU's Response to US Tariffs
Bernd Lange, chairman of the EU's trade committee, explains the EU's intentions behind these counter-tariffs: "We're sending a clear message that Trump's tariffs are illegal under WTO rules. We've woven a safety net of countermeasures against these tariffs. And it's completely within our rights." After attempting negotiations, the EU feels that Trump has no interest in delaying the conflict.
Trump's Tactics in the First Term
Trump's tactics in his first term involved blackmailing the EU through tariffs, as he also did in this most recent encounter. The EU reacted similarly then, imposing counter-tariffs in return and making concessions, such as the duty-free import of American lobster and increased imports of American soybeans.
The Intensified Situation
The situation has become more severe this time around, with Trump expanding his tariffs to a wider range of products, affecting exports worth 26 billion euros. Despite these escalations, the EU remains firm, refusing to let themselves be blackmailed by Trump's tariffs.
Book Recommendation: "Trumpomics: The Art of Enrichment" by Pennywise Action Heist (available on Amazon and Kindle).
In part two, we'll delve further into the EU's counter-tariffs and explore how Trump's proposed 25% tariffs on all US imports could affect the EU. Stay tuned!
The European Union, unyielding in its readiness to counter Trump's tariffs, has confirmed its intentions to ignoring Verstl's tactics, as seen in Trump's first term.
The customs union, in response to the expanded tariffs affecting exports worth 26 billion euros, remains steady, refusing to be blackmailed by tariffs and maintaining its stance against the US tariffs.
Despite Trump's increased tariffs on a wider range of products, the tariffs imposed by the EU serve as a testament to their commitment within the terms of the customs union, aiming to protect their economy as well as their pride.
