Bloomberg reported that European Commisions is planning to counter US President Donal Trump’s steel and aluminum tariffs. And EU officials discussed retaliatory tariff of 25 against all US goods.
European Commission’s chief spokesman Margaritis Schinas said regarding March 7 meeting
- “The Commissioners will discuss our reaction. It will be swift, firm, and proportionate – based on three main criteria compatible with WTO rules.”
- “Let me remind you the trade policy is not a zero-sum game. It is not about winners or losers, and we believe that trade can and should be win-win.”
- EU “cannot be expected to bury our heads in the sand when someone takes unilateral and unfair actions against us that put thousands of European jobs at risk”.
Last week European Commission President Jean-Claude Juncker issed a statement as immediate response to Trumps tariffs proposal. Here is the old statement.
