The President of the European Commission has insisted that the main objective of the European Union is to find “a negotiated solution”, but at the same time they pointed out that “Europe did not start this confrontation” and “has many letters” to answer.
The President of the European Commission, Ursula von der LeyenSaid Tuesday that the European Union has drawn up “a solid plan” with “Company countermeasures” to prevent global rates that the President of the United States, Donald Trump “will impose tomorrow.
In a speech in the European Parliament, Von der Leyen has insisted that the main objective of the European Union is to find “a negotiated solution”, but at the same time he warned: “Europe has not started this confrontation. We do not necessarily want to take retail, but we have a solid plan to do this.”
“If necessary, we will protect our interests, our people, our companies,” said the president of the community leader, who said that “the confrontation is not interested in anyone.”
Von der Leyen has pointed out that 25 % mutual rates that Trump wants to apply “will be a nightmare for all American importers” and added that “no one needs this today: neither the United States nor Europe.”
“Rates are taxes that people will pay. Rates are taxes for Americans on their food and medicines. Rates will only stimulate inflation. Exactly the opposite of what we want to achieve. American factories will pay more for the components produced in Europe. This will cost jobs,” he said.
In this context, Von der Leyen assured that the commercial flow between the EU and the United States is “practically balanced” and has shown the willingness to work with Washington “in the commercial balance, both of goods and services.”
But at the same time he has warned that “Europe has many letters” to respond, from trade to technology, due to the size of the internal market and the diversification of commercial relationships with third countries.
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.
