The EU will react ‘firmly and immediately’ against what it calls unjustified barriers to free and fair trade following President Trump’s new reciprocal trade policy.
President Trump has repeatedly said Europe treats the US unfairly, citing the example that the EU imposes a 10% tariff on imported cars while the US only imposes a 2.5% tariff. The US has imposed a 25% import tax on all steel and aluminium.
The European Commission views President Trump’s proposed reciprocal trade policy as a step in the wrong direction, according to a statement.
“The EU remains committed to an open and predictable global trading system that benefits all partners,” it states.
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