The European Union is prepared to retaliate against U.S. tariffs but prefers a negotiated resolution, European Commission President Ursula von der Leyen said. She warned that U.S. tariffs would fuel inflation and harm jobs while urging the EU to remove internal trade barriers.
The European Union has a "robust plan" to respond to tariffs imposed and due to be imposed by U.S. President Donald Trump, although it would prefer to reach a negotiated settlement, European Commission President Ursula von der Leyen stated on Tuesday.
The Trump administration introduced tariffs on imported steel and aluminium in March, with higher duties on cars set to come into force on Thursday. Additionally, Trump is expected to outline plans for "reciprocal tariffs" on Wednesday.
Von der Leyen acknowledged U.S. concerns that global trade rules had been exploited by certain countries, noting that the EU had also faced similar challenges. She further recognised the U.S. ambition to re-industrialise, a goal shared by the EU.
However, she argued that U.S. tariffs effectively serve as taxes on its own consumers, exacerbating inflation and increasing costs for American manufacturers reliant on imported components, ultimately leading to job losses.
"Our aim is a negotiated resolution. However, if necessary, we will safeguard our interests, our citizens, and our businesses," von der Leyen said in an address to the European Parliament in Strasbourg.
"We do not seek retaliation, but if required, we have a robust response plan, and we will implement it."
Von der Leyen also stressed the need for the EU to diversify its trade and eliminate internal barriers that hinder cross-border commerce within its single market.
She cited the International Monetary Fund's assessment that Europe’s internal market barriers equate to a 45% tariff on manufacturing and 110% on services.
Addressing EU lawmakers, she stated that the Commission would present proposals next month aimed at dismantling some of these barriers and preventing the emergence of new ones.
Iran’s Foreign Minister Abbas Araghchi has firmly ruled out any discussion of the country’s ballistic missile capabilities in the newly resumed, O...
Türkiye and Greece signalled renewed political will to ease long-standing tensions during high-level talks in Ankara on Wednesday (11 February). Mari...
The Ukrainian capital came under a “massive” Russian missile attack early Thursday (12 February), with explosions heard across the capital accordi...
A Republican lawmaker accused on Wednesday (11 February) Attorney General Pam Bondi of concealing the names of Jeffrey Epstein’s powerful associates...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 12th of February, covering the latest developments you need to...
Polish prosecutors have requested a European arrest warrant for former Justice Minister Zbigniew Ziobro, who was granted political asylum in Hungary last month, amid allegations of large-scale misuse of public funds and abuse of power.
The European Union has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time the bloc would target ports in third countries, a proposal document showed on Monday.
The European Union has launched its largest semiconductor pilot line under the European Chips Act, investing €700 million ($832 million) in the new NanoIC facility at IMEC in Leuven, Belgium, as part of efforts to strengthen Europe’s technological sovereignty.
On 11 January, Russia’s war in Ukraine crossed a symbolic threshold. It entered its 1,418th day, matching exactly the duration of the Great Patriotic War of 1941–1945. Despite promises of “taking Kyiv in three days” the number has now exposed the limits of Russian power and strategy.
The United States and Azerbaijan signed a strategic partnership in Baku on Tuesday (10 February) encompassing economic and security cooperation as Washington seeks to expand its influence in a region where Russia was once the main power broker.
Greek Prime Minister Kyriakos Mitsotakis arrived in Ankara on Wednesday, where Turkish President Recep Tayyip Erdoğan held an official welcoming ceremony at the Presidential Palace, marking the start of high-level talks between the two NATO allies.
Europe heads into the Munich Security Conference, 13 February, amid deepening unease over U.S. policy, as President Donald Trump’s hard-line stance on defence, trade and territory fuels doubts about Washington’s long-term commitment to transatlantic security.
The European Union is preparing a further expansion of its sanctions against Russia, with Central Asia emerging for the first time as a distinct point of focus.
A senior adviser to Iran’s Supreme Leader said on Tuesday that negotiations with the United States must remain focused on the nuclear issue and be grounded in realism, as Washington and Tehran prepare to resume talks mediated by Oman.
A Republican lawmaker accused on Wednesday (11 February) Attorney General Pam Bondi of concealing the names of Jeffrey Epstein’s powerful associates. The claim was made during a heated House hearing on the Justice Department’s handling of the files.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 12th of February, covering the latest developments you need to know.
The Ukrainian capital came under a “massive” Russian missile attack early Thursday (12 February), with explosions heard across the capital according to authorities. The assault unfolded as uncertainty lingers over upcoming U.S.-brokered peace talks.
The U.S. House of Representatives narrowly backed a measure on Wednesday (11 February) disapproving President Donald Trump's tariffs on Canada, a rare rebuke of the president and leaders of his party in the Republican-majority House.
Russia has attempted to "fully block" Meta Platforms-owned WhatsApp in the country, a company spokesperson told Reuters on Wednesday, as Moscow promotes home-grown platforms and seeks greater control over its internet space.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment