ISLAMABAD: The European Union has strongly responded to U.S. President Donald Trump’s threat of imposing a 50% tariff on EU imports, urging for a trade approach grounded in mutual respect rather than intimidation.
The statement comes as tensions between Washington and Brussels escalate over what Trump describes as an “imbalanced” trading relationship.
EU Trade Commissioner Maros Sefcovic stressed that the 27-member bloc remains committed to constructive negotiations aimed at reaching a fair deal. “EU-US trade is vital and must be based on cooperation.
We are fully engaged in securing a deal that benefits both sides,” he said, following discussions with senior U.S. trade officials.
European Leaders Sound Alarm
Leaders from key EU nations, including Ireland, France, Germany, and the Netherlands, have voiced serious concerns about the proposed tariffs.
Irish Prime Minister Micheál Martin urged that diplomacy is the only sustainable solution.
France’s Foreign Minister Laurent Saint-Martin echoed that call, saying the EU is ready to de-escalate but will defend its interests if necessary.
Germany and the Netherlands also supported the EU’s unified stance, warning that the economic consequences of tariff hikes could be severe for both American and European industries.
Economic Uncertainty and Market Impact
President Trump’s frustration with ongoing talks led to renewed threats targeting not only general EU exports but also specific industries, including automotive and technology.
He warned companies like Apple that products not made in the U.S. could face steep duties.
Financial markets quickly reacted. Major indices in both Europe and the U.S. slipped, with Germany’s DAX and France’s CAC 40 falling over 1.5%, while the S&P 500 dropped nearly 0.7%.
The European Commission has paused retaliatory tariffs for now but is reviewing additional measures should the U.S. move forward.
