European Union is developing phased plan to respond to Trump’s tariffs, - Commissioner Šefčovič
This week, European Union officials will consider and vote on a list of tariffs in response to the tariffs imposed by US President Donald Trump. This will be done in stages.
This was stated by EU Trade Commissioner Maroš Šefčovič, quoted by CNBC, Censor.NET reports.
According to him, the EU will vote on a plan of countermeasures to Trump's tariffs on April 9. Then the second phase of retaliatory measures is planned to be introduced on May 15.
The New York Times, citing the results of the meeting of EU representatives, writes that the duties to be approved on April 9 will be a response to the US tariffs on European steel and aluminum, which have been in effect since last month.
"We are ready to use all the tools in our arsenal of trade defenses to protect the EU single market, European producers and consumers," Šefčovič added.
Trump imposes tariffs
As a reminder, Trump has signed a decree imposing a minimum 10 percent tariff on almost all goods entering the United States. For some countries, the tariffs are higher. In particular, China - 34%, the European Union - 20%.
Later it became known that Trump had declared a state of emergency in the country's economy.
The U.S. tariffs also affected Ukraine, with the U.S. imposing 10 percent duties on its goods.
China has announced that it will impose 34 percent duties on all American goods in response.
At the same time, the Ministry of Economy of Ukraine believes that there are chances to negotiate other terms of trade with the United States. In addition, Economy Minister Yulia Svyrydenko assured that the US duty would not affect the exchange rate or food prices in Ukraine.
