EU’s von der Leyen warns of countermeasures if U.S. 30% tariffs go ahead
The EU is prepared to take the necessary steps to safeguard its interests if the U.S. proceeds with imposing a 30% tariff on European goods starting Aug 1, European Commission President Ursula von der Leyen said on Saturday.
Von der Leyen, who heads the EU’s executive arm, said in a statement that the bloc remained ready “to continue working towards an agreement by Aug 1”.
“Few economies in the world match the European Union’s level of openness and adherence to fair trading practices,” she continued.
“We will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required.”
The August 1 deadline gives countries targeted by US President Donald Trump’s letters time to negotiate a trade deal that could lower the threatened tariff levels.
The EU had hoped to reach a comprehensive trade agreement with the U.S. for the 27-country bloc.
Three EU officials told Reuters on Saturday that Trump’s threats represent a negotiating tactic.
Trump’s letter to the EU included a demand that Europe drop its own tariffs, an apparent condition of any future deal.
“The European Union will allow complete, open Market Access to the United States, with no Tariff being charged to us, in an attempt to reduce the large Trade Deficit,” Trump wrote.
