The European Commission said Trump’s plans were “a step in the wrong direction” that heightened economic uncertainty and disrupted the efficiency of global markets.
Trump said Thursday he had decided to impose reciprocal duties, in a dramatic escalation of an international trade war he has unleashed since taking office in January.
The levies would be tailored to each US trading partner and consider the tariffs they impose on American goods, alongside taxes seen as “discriminatory,“ such as value-added taxes (VATs), a White House official said on condition of anonymity.
“Tariffs are taxes. By imposing tariffs, the US is taxing its own citizens, raising costs for business, stifling growth and fuelling inflation.”
Since taking office, Trump has announced a broad range of tariffs targeting some of America’s biggest trading partners, arguing that they would help tackle unfair practices -- and in some cases using the threats to influence policy.
Hence then, the article about eu vows to respond firmly and immediately to us tariffs was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( EU vows to respond ‘firmly and immediately’ to US tariffs )
Also on site :