Fast Company

European Union blasts Trump for crude claims about 27-nation bloc

President Trump accused the European Union of aiming to harm the United States, threatening a 25% tariff on all EU products. The EU strongly rejected these accusations, emphasizing its commitment to peace and fair trade, not undermining the US. EU leaders, including Polish Prime Minister Tusk and Spanish Prime Minister Sánchez, vehemently denounced Trump's claims and vowed a strong response. The EU warned of immediate countermeasures targeting key US industries like bourbon and motorcycles if tariffs are implemented. A spokesperson for the European Commission stated the EU would react firmly to any unjustified trade barriers. Trump countered that the US could withstand retaliation by ceasing imports. The EU highlighted the substantial trade volume between the US and EU, totaling approximately $1.5 trillion. While the EU has a goods surplus, the US holds a service surplus, partially offsetting the imbalance. The EU stressed the importance of avoiding a trade war and advocated for continued dialogue and reciprocal trade relations. The EU emphasized its commitment to fair trade and a collaborative approach.
favicon
fastcompany.com
fastcompany.com
Image for the article: European Union blasts Trump for crude claims about 27-nation bloc
Create attached notes ...