Politico: Brussels is preparing for a trade war with Trump
reported by Mehr News Agency Quoting Rashatoudi, Politico has written, quoting senior diplomats of the European Union, that the bloc is preparing for a major trade war with Washington, taking into account the possibility of Donald Trump winning the 2024 US presidential election. has done.
Concern has increased in European capitals after Trump pledged in his campaign promises to impose new punitive trade measures against the European Union.
After Trump imposed a 25% tariff on European steel imports and 10% on aluminum imports in 2018, Washington and Brussels have been at loggerheads.
At that time, the European Union reacted with partial retaliatory action and imposed tariffs on the imports of several American companies. Trump, however, went further and threatened to impose tariffs on cars exported from the European Union. Although these tariffs were not implemented, Brussels expressed “surprise” at Trump’s desire to implement reforms in the supply chain.
One of the European diplomats told Politico: “Last time, we didn’t think about how far Trump would really go, but this time, we have prepared ourselves.” Europe has changed a lot and we are ready to act.
Another diplomat told Politico: The European Union is preparing an assessment of the impact of Trump’s possible victory on the bloc, and the European Commission is responsible for this assessment and is determined to retaliate. enter The European Union is confident of winning this trade war.
According to Politico, given that Trump uses trade and tariffs as negotiating tactics to force countries to act in line with American interests, the EU aims to take an aggressive approach on retaliatory action. is.
