On February 3rd, a spokesperson for the European Commission stated that the EU regrets the US decision to impose tariffs on goods imported from Canada, Mexico, and China. Tariffs can cause unnecessary economic chaos and drive inflation, which is harmful to all parties involved. The EU remains committed to promoting growth and economic stability through low tariffs, and maintaining a strong, rules based trading system. At present, we have not been informed of any additional tariffs on EU products, and the EU will “firmly respond” to any trading partners who impose unfair or arbitrary tariffs on EU goods. US President Trump has repeatedly threatened to impose tariffs on EU exports to the United States. He recently said that if products are not produced in the United States, they will face tariffs of “hundreds of billions or even trillions of dollars”. (CCTV News)
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