US Imposes 20% Reciprocal Tariffs on EU Goods,
Ursula von der Leyen, President of the European Commission, EU. /Photo=AFP,
, ‘Ursula von der Leyen, President of the European Commission, criticized the Trump administration’s reciprocal tariffs on the 3rd of the local time, declaring retaliatory measures would be taken if negotiations fail.’,
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, ‘In a statement, President von der Leyen expressed “deep regret” over the US’s announcement of reciprocal tariffs. She emphasized, “We must face the enormous consequences this move will have. The global economy will suffer significant pain.”‘,
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, ‘She indicated that the EU is finalizing its first retaliatory package in response to the Trump administration’s steel tariffs. In preparation for a negotiation breakdown, she explained, “We are also readying additional measures to protect our interests and industries.”‘,
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, “The EU has effectively set mid-month as the ‘negotiation deadline’. If negotiations fail, it has announced plans to impose retaliatory tariffs on approximately 26 billion euros (around 42 trillion won) worth of US goods from around the 13th.”,
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, ‘The day before, the Commission hinted at preparations for a second measure to counter reciprocal tariffs and automotive tariffs.’,
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, ‘President von der Leyen repeatedly conveyed the message to the Trump administration to enter negotiations.’,
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, ‘She agreed with President Trump’s assertion that “some countries are unfairly benefiting from current (trade) rules” and added, “We are ready to participate in efforts to reform the trading system to match global economic realities.”‘,
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, ‘However, she added, “Relying solely on tariffs will not solve the issue,” and emphasized, “It is not too late to resolve concerns through negotiations.”‘,
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, ‘She also urged EU member states to unite. President von der Leyen stated, “I am well aware that many are disappointed with our oldest ally,” and assured, “Europe has everything it needs to overcome this turmoil, and we will prevail together.”‘,
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, “Meanwhile, President Trump announced earlier at the White House that a 10% tariff would be imposed on all imports. Additionally, countries designated as ‘worst offenders’ will face additional individual reciprocal tariffs. A 20% reciprocal tariff has been imposed on EU goods.”,
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