The European Union is still willing to negotiate with the U.S. administration on the sweeping import tariffs announced last week by President Donald Trump, European Commission President Ursula von der Leyen reaffirmed, adding that Brussels was also ready to take countermeasures.
#europeanunion #trumptariffs #europeantrade #eutrade
#europeanunion #trumptariffs #europeantrade #eutrade
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00:00These tariffs come, first and foremost, at immense costs for U.S. consumers and businesses.
00:08But at the same time, they have a massive impact on the global economy, especially hard-hit
00:14are the developing countries.
00:17And this is a major turning point for the United States.
00:20Nonetheless, we stand ready to negotiate with the United States.
00:25Indeed, we have offered zero-for-zero tariffs for industrial goods, as we have successfully
00:30done with many other trading partners, because Europe is always ready for a good deal.
00:38So we keep it on the table.
00:40But we are also prepared to respond through countermeasures and defend our interests.
00:46And in addition, we will also protect ourselves against indirect effects through trade diversion.