Feb 21 • 14:43 UTC 🇬🇷 Greece Naftemporiki

Tariffs: 'The European Union has the tools to respond to the new barrage from Trump'

French Minister of Commerce, Nicolas Forissier, urges EU countries to adopt a collective approach to counter Donald Trump's announced 10% tariff on imports, stating that the EU possesses the necessary tools to respond.

In response to U.S. President Donald Trump's announcement of a new 10% tariff on imports, French Minister of Commerce, Nicolas Forissier, has called on European Union member states to adopt a unified strategy. Speaking to the Financial Times, Forissier emphasized that the EU has the capability to retaliate against the U.S., especially in light of a recent Supreme Court ruling that criticized Trump’s tariff policies. His assertion underlines the growing tension between the EU and the U.S. regarding trade issues.

Forissier is currently engaged in discussions with his EU counterparts and representatives from the European Commission to strategize the appropriate response to Trump's tariff imposition. While it is acknowledged that it may be premature to speculate on specific measures, French officials hinted at the potential use of the 'trade bazooka'—a reference to strong trade countermeasures that the EU could employ against the U.S. action. The idea is to prepare a comprehensive response that underscores the unity of the EU in the face of perceived aggression from the U.S.

As the trade landscape evolves, the implications of this announcement could further strain EU-U.S. relations, especially if the EU moves forward with concrete retaliatory measures. The situation will require careful navigation to balance trade interests while addressing the challenges posed by unilateral actions taken by the U.S. administration. The stakes are high, and the choices made by EU leaders will likely have significant repercussions on international trade dynamics.

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