“Other EU leaders have voiced similar warnings and at the same time hope about cooperation”, – WRITE: www.radiosvoboda.org
“There are no winners in the trade wars. If the United States and the EU begin a trade war, then China will laugh at the side. We are very interrelated. We need America, and we need America. Tariffs increase costs. They are bad for jobs. And for buyers are also bad, ” – said
Kai Callas, EU EU Supreme Representative and Security Policy.
Other EU leaders have voiced similar warnings and at the same time hope about cooperation.
In particular, according to Prime Minister Luxembourg Luke Frieden, tariffs are always bad.
Polish Prime Minister Donald Tusk is convinced that everything should be done to avoid “these absolutely unnecessary and blunt tariff wars.”
“But at the same time – this is my advice to all my colleagues here in Brussels – we have during our possible negotiations with American friends not to lose common sense and confidence,” he said.
On February 2, US President Donald Trump warned Americans that they could face economic “pain” due to recently imposed duties on the three largest US trading partners, and announced duties on goods from the European Union and possibly Britain.
Trump says duties on goods from the EU “will definitely be” and that it will happen “quite soon”. He also suggested that he could impose a duty on goods from the United Kingdom.
From February 1, the United States has imposed 25% of imports from Canada and Mexico, as well as 10% for goods from China. The products of these three countries together make up about 40% of all US imports. Approximately 20-25% of the US oil refinery use oil from Canada. In total, more than 70% of all Canada exports are exported to the United States. Approximately 64% of total imports of vegetables and fruits in the United States come from Mexico.
Canada Prime Minister Justin Trudeau said Canada had planned to install a 25 percent duty on imports with the United States, including drinks, cosmetics and paper products. Mexico President Claudia Shaynbaum also declared response.