EU, US Relations Face Uncertain Future
In February, US President Donald Trump imposed a 20 percent tariff on European imports, prompting the European Union to retaliate with its own set of trade sanctions.
Subsequently, Trump reduced the tariffs to 10 percent, contingent upon negotiations, and this temporary reduction has now been prolonged until early August.
“We believe that tariffs are a loss for everyone. But we are not naive either: we know that the relationship with the US may never go back to what it used to be,” von der Leyen declared during an economic and industrial forum held in Rome on Thursday.
Stabilizing ties with the United States remains the EU’s foremost objective, von der Leyen emphasized.
“We are working tirelessly to find an initial understanding,” she remarked.
The EU leader described Washington as “the most important trading and investment partner” for Brussels.
According to data from Eurostat, in 2024 the US was the largest exporter of goods to the EU and ranked as the second most significant destination for EU exports after China.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
