Skip next section EU’s von der Leyen says Trump tariffs ‘major blow’ to global economy
04/03/2025April 3, 2025
EU’s von der Leyen says Trump tariffs ‘major blow’ to global economy
European Commission President has warned that the tariffs announced by Trump are likely to cause great harm to the global economy and people’s livelihoods.
“President Trump’s announcement of universal tariffs on the whole world, including the EU, is a major blow to the world economy,” she said.
“Uncertainty will spiral and trigger the rise of further protectionism. The consequences will be dire for millions ofpeople around the globe,” she added.
Von der Leyen said that the EU was already preparing moves to counteract the tariffs if negotiations did not succeed in resolving the trade conflict with the US.
“We are already finalizing a first package of countermeasures in response to tariffs on steel. And we are nowpreparing for further countermeasures, to protect our interests and our businesses if negotiations fail,” she said.
Trump has imposed new tariffs of 20% on imports from the EU after previously as well as cars and auto parts from the bloc.
https://p.dw.com/p/4scJy
Skip next section Welcome to our coverage04/03/2025April 3, 2025
Welcome to our coverage
Countries around the world are considering how best to respond after US President on Wednesday claiming that his country has long been the victim of unfair trade practices.
Many economic experts are sounding the alarm, warning of major damage to the global economy and people’s livelihoods, while financial markets have already reacted negatively.
You can read more here about the fallout from Trump’s dramatic decision as he pursues his “America First” strategy.
https://p.dw.com/p/4scJe
The post EU says consequences of Trump tariffs will be ‘dire’ appeared first on Deutsche Welle.
