““Duties are taxes are bad for business and worse for consumers,” the European Commission President said”, – WRITE: www.radiosvoboda.org
She stated that she was “deeply regretting” the decision of President Donald Trump to impose duties on these goods, in particular from the EU countries.
“Duties are taxes are bad for business and even worse for consumers. Unjustified duties on the EU will not remain unanswered – they will summon solid and proportional countermeasures, ”said von Der Lyen.
She added that the block will act to protect our own economic interests: “We will protect our employees, businesses and consumers.”
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US President Donald Trump signed the decrees on February 10 about the introduction of 25 percent duties to import of steel and aluminum Since March 12. They will affect goods from Argentina, Australia, Canada, Mexico, EU countries and the United Kingdom.
German Chancellor Olaf Scholtz stated the day before that Berlin is ready to answer possible trade restrictions, which the Trump administration can introduce.
According to Roland Berger’s consulting company, about 25 percent of European exports are coming to the United States.
On February 3, Trump warned the Americans that they could face economic “pain” due to trade tariffs, which he declared last weekend on Canada, Mexico and China – the three largest US trading partners.
He later stated that duties on Canada and Mexico will be suspended for 30 days After the leaders of the two countries, he said, promised to strengthen measures at the border to stop the flow of migrants and drugs.
