The agreement represents a “conscious decision: stability and predictability instead of escalation and confrontation,“ von der Leyen writes in an article for the German national daily Frankfurter Allgemeine Zeitung.
“That would have been celebrated only in Moscow and Beijing,“ von der Leyen says.
“With reciprocal tariffs on our side, we would run the risk of igniting a costly trade war with negative consequences for our employees, consumers and our industry,“ she writes.
The EU accepted the deal in the face of a threat of 30% tariffs to be imposed by the US from August 1, which could have triggered a trade war.
There was also concern that Trump could issue new threats in the event of a conflict. – Bernama
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