The European Union has strongly refuted claims made by U.S. President Donald Trump that the bloc is targeting the United States for economic gain. In response to Trump's threats of imposing a 25% tariff on all EU products, the EU has vowed to vigorously oppose any such measures.
The escalating dispute between the EU and the U.S. comes amid strained trans-Atlantic relations, exacerbated by Trump's recent remarks questioning security guarantees for European allies. Trump's accusation that the EU was created to disadvantage the U.S. was met with a swift rebuttal from EU officials.
Prime Minister Donald Tusk of Poland, currently holding the EU's rotating presidency, emphasized that the EU was established to promote peace, mutual respect, free and fair trade, and strengthen transatlantic ties.
The EU has warned of retaliatory actions targeting key U.S. industries like bourbon, jeans, and motorcycles if tariffs are imposed. European Commission trade spokesman Olof Gill affirmed the EU's commitment to defending free and fair trade, protecting consumers and businesses, and responding firmly to unjust trade barriers.
Trump's assertion that the U.S. holds a dominant position in trade negotiations was met with skepticism by EU officials. They highlighted the EU's role as the world's largest free market, facilitating trade, reducing costs for U.S. exporters, and harmonizing standards to benefit American businesses.
Despite Trump's concerns about trade imbalances, the EU pointed out that the trade relationship between the two sides is substantial, with a trade volume of $1.5 trillion and a complex balance of goods and services trade.
Emphasizing the importance of avoiding a trade war, the EU called for cooperation to preserve economic opportunities for both regions. The EU reiterated its commitment to dialogue, openness, and reciprocity, signaling a willingness to engage in fair trade practices.
