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EU breaks silence on Donald Trump tariffs and threatens full-blown trade war

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The European Union has responded to former U.S. President Donald Trump's threats of imposing a 10% tariff on all imported goods if he wins the 2024 election, warning that such a move could trigger a "full-blown trade war." EU Trade Commissioner Valdis Dombrovskis emphasized the potential negative impacts on both the U.S. and global economies, highlighting the EU's significant trade relationship with the U.S., which is its largest trading partner. He pointed out that the EU has already faced challenges from previous U.S. tariffs on steel and aluminum, which led to retaliatory measures from the EU. Dombrovskis stressed the importance of maintaining a rules-based trading system and expressed concerns over the implications of Trump's proposed tariffs, which could disrupt global trade norms and lead to economic instability.

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[ https://www.msn.com/en-gb/politics/government/eu-breaks-silence-on-donald-trump-tariffs-and-threatens-full-blown-trade-war/ar-AA1yK76p ]