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The EU is ready for retaliatory measures against the US tariffs


January, 22 2025
watermark Economic news

The European Union has expressed its readiness to take retaliatory measures in the event of the imposition of tariffs by US President Donald Trump. This was announced by European Commissioner for Economic Affairs Valdis Dombrovskis. According to him, Brussels intends to act proportionately if it is necessary to protect economic interests.


At the World Economic Forum in Davos, held in Switzerland, Dombrovskis stressed that the EU is ready to defend its values, rights and interests. At the same time, he noted the importance of strategic cooperation between the United States and Europe in both economic and geopolitical spheres.


Since taking office, Trump has repeatedly announced his intention to impose duties on EU products, accusing the Union of allegedly unfair treatment of the United States. In addition, he announced plans to increase tariffs on goods imported from China by 10% starting in February.


Dombrovskis also mentioned that the dialogue with the American side on this issue is ongoing. According to him, European and American representatives are striving to find a pragmatic solution that will avoid further escalation in trade relations.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.