After she had shown her concern about the rate, the employer of Biscayan is opposite to increase a rate war.
For the Rate policy announced by the US government, the Bizkaia Business Confederation (Cebek) is asking Europe to become united and to defend business activities. “Protectionist policy is negative for economic and business development and Europe must give a response to the highest circumstances.”
The president of the Biscayan employer expressed this, Carolina Pérez ToledoAt a press conference in Bilbao to analyze the economic situation. As he said, they observe the climbing of rates with “enormous concern” and “uncertainty” because it will “negatively” influence a “considerable” number of companies and sectors, but also on their network of subcontractors and suppliers.
After repeating that Biscay companies already analyze how they can now respond to what “threats are”, he emphasized that they are aware that more rates “can influence us, but we must be prepared and Europe must act around the voice to be the voice of our worries. “
In that sense it has been demonstrated opposite To increase a rate and counterattack with more rates. “As entrepreneurs and business people, we are more to achieve agreements than restrictions (…) to look better for agreements than to come back with more rates.”
Given this situation of uncertainty and enormous concern, he has continued: “Companies need security and security in their business activities” because “tariff wars are bad for everyone, for all economies, for companies and also for citizens.”
That is why the Europe has mainly asked to be ‘and to defend business activities, creating the maximum competitiveness, but also with’ political security and with the legislative certainties we need.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
