-We are completing our first remedy package in response to STAL’s US obligations. We will prepare another duties to protect our interests – said on Thursday morning the chairman of the European Commission Ursula von der Reyen. She emphasized that it is not too late to resolve issues through negotiation. Previously, Prime Minister Donald Task responded to Donald Trump’s decision.
On Wednesday, Trump signed restrictions that impose at least 10% “mutual obligations.” For EU products, 20% of products imported from overseas. The fees announced by the US are to constitute half of the compiled obligations and non-characteristic trade barriers used by other countries. In China, tariffs are 34%. (This rate will be 54%, added to 20% of previously announced duties), Japan-24%, India-26%, Korea. -twenty five%
“The results will be drastic for the whole world.”
The chairman of the European Commission, Ursula von der Leyen, responded to Trump’s movement, reminded the EU is finishing work on its duties announced in response to raising steel and aluminum fees. They should come into effect on April 13th. She also announced that the EC will fulfill its new obligations.
“I know many people feel disappointed in our oldest allies,” von der Leyen said in response to President Donald Trump’s conditions around the world.
See: Trump announced his mutual obligation. “Declaration of Economic Independence”
-I agree with President Trump that others are unfairly using current rules and are ready to support every effort to adapt the global trading system to the reality of the global economy – von der Leyen said. But she pointed out – reaching duties first does not correct it.
As von der Reyen emphasized, their results will be “dramatic” for the whole world. In her opinion, habit is “a serious blow to the global economy.” Because they bring inflation and increase the cost of living for millions of consumers. All businesses will suffer from them from day one due to confusion and nasty bureaucracy. “The costs of doing business with the US will increase dramatically,” she warned.
Donald’s Task: Adequate decision is required
The head of the EC noted that “the obstacles do not show order,” but in relation to the touching of all commercial partners, “there is no bright path that has created complexity and chaos.”
– You must prepare for the inevitable impacts that you have. Europe has everything you need to survive the storm. This time we’ve focused on the EC Chairman. “Unity is our strength,” she said. She added that it is not too late to resolve issues through negotiations and that the dialogue is ready for trade.
See: Donald Trump introduces his duties. Economist Straight: This is actually a fairy tale
-We’re going to cut back rather than reduce barriers – she pointed out.
Previously, Prime Minister Donald Task responded to Trump’s decision. “Friendship means partnership. Partnership means true mutual tariffs. A proper decision is required,” he writes in Portal X.
Friendship means partnership. Partnership really means mutual tariffs. A proper decision is required
– Donaldtusk (@donaldtusk) April 2, 2025
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