Media Wire Express Correspondent
The European Union is preparing for a potential trade standoff with the United States following Washington’s recent decision to impose tariffs on European steel and aluminum.
European Commission President Ursula von der Leyen has strongly criticized the move, warning that it could harm both economies and disrupt global trade.
Speaking ahead of a major summit, von der Leyen made it clear that the EU did not start this trade dispute but is fully prepared to respond if necessary. “Tariffs are taxes on businesses and consumers,” she stated, emphasizing that the EU prefers diplomatic solutions over economic conflict. However, she also confirmed that Europe has a well-prepared plan to counter any unfair trade practices.
The newly imposed U.S. tariffs, which place a 25% duty on steel and aluminum imports from the EU, have sparked concerns about rising costs and economic instability. European businesses worry that these measures will drive up prices and slow down industrial growth at a time when the global economy is already facing uncertainty.
In response, EU officials are considering countermeasures that could affect up to €26 billion ($28.4 billion) worth of American goods. The goal is to protect European industries while signaling that the EU will not accept unfair trade restrictions without taking action.
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Von der Leyen stressed that Europe remains open to negotiations but will not hesitate to defend its economic interests. “We believe in fair and open trade, but if our industries and workers are threatened, we will take necessary steps,” she added.
The international reaction to the U.S. decision has been mixed. Canadian Prime Minister Mark Carney has also voiced opposition to the tariffs, warning that protectionist policies could trigger a wider trade conflict. Global markets are closely watching the situation, as analysts fear an escalating trade dispute could have long-term consequences for the world economy.
For now, European leaders are focusing on diplomacy, hoping to avoid a full-scale trade war. However, if the U.S. continues down this path, the EU is ready to act. The coming weeks will be crucial in determining whether tensions ease or if the two economic giants are heading for a deeper conflict.
