European Commission President Ursula Von Der Leyen Has Furious Thrown Donald Trump's Words Back in His Face as the us president to Ignite a trade war by implied sweeping tariffs in Hours. During a disastrous meetings in february with ukrainian president volodymyr Zelensky, Mr Trump Told the Wartime Leader He “Dictate Negotiations with the The us over a pick deal With Russia.
Now Ms Von Der Leyen, Known AS VDL, Has Flung The Phrase Back at The American President By Saying, As The World's Biggest Trade Bloc, Europe “Holds a Lot of Cards” when a trade war The us. Mr Trump has promised to Roll out Taxes on imports from other countries on Wednesday, which he claaims will free free free of charge on farms. President Trump Said He Would Impose “Reciprocal” Tariffs to Match The Duties That Other Countries Charge on Us Products, Dubbing April 2 “Liberation Day”. But vdl has issued a huge warning that could risk starting a trade war bet the United States and Europe.
She Said: “Europe Holds a Lot of Cards, From Trade to Technology to the Size of Our Market. But this Strength is also also built on our readiness to take the next reasoning if the next Instruments are on the table.
“Let me be clean, europe did not start this confrontation. We think it is wrong. We have made to protect our peoplay and our prosperity. We have the largest single market in the word. Strength to Negotiate. “
Speaking Before the European Parlyment, the European Commission president added: “We have the power to push back and the people of europe short knowledge, together we will be promote and degrend ours Interests and values and always stand up for europe.
“So many europeans Feel Utterly dishearned by the announcement from the united states. Constructive Solution. “
The communication, the EU's executive branch, the negative trade deals on behalf of the bloc's 27 Member Countries and Manages Trade Disputes on their behalf.
The body introduced intends to impose duties on us goods worth $ 28 billion in mid-adil in Response to MR Trump's 25% steel and aluminum tariffs. The EU Duties will target steel and aluminum prodacts, but also textyles, home appliances and farm goods.
A lot remains unknown about how Trump's Levies will be implemented, notably the “reciprocal” tariffs, and it reports the EU wants to assess their impact before retaliatory action.
In the us, the stocks would be falling on tuesday following weaker-thahan-expected reports on the economy. Uncertainty is also still high about just what president Trump will announce about tariffs on his “Liberation Day” Tomorrow (Wednesday).
The Dow Jones Industrial Average was Down 459 Points, Or 1.1%, in the first Few Hours of Trading, and the Nasdaq Composite was 0.6% Lower.
A New Report Said us Employers Were Advertising Slightly Fewer Job Openings at the end of february than economists.
Wall Street Has Been Particularly Shaky Recently, And Momentum Has Swing Not Just Day to Day But To Hour to Hour Of Uncertainty About What Mr Trump will do With Tarifs, And How Much Theey Could worsen inflation and grind down growth for ecomies.