European Union: Expresses regret over the U.S. imposing tariffs on Canada, Mexico, and China, and will "respond firmly" to the tariffs

The European Union has warned that it will "respond firmly" to any trade partners that impose unfair or arbitrary tariffs on EU goods.

According to Xinhua News Agency, a spokesperson for the European Commission stated on the 2nd that the EU regrets the U.S. decision to impose tariffs on goods imported from Canada, Mexico, and China. Tariffs will cause unnecessary economic disruption and drive inflation, which is harmful to all parties involved.

The spokesperson emphasized that open markets and respect for international trade rules are crucial for achieving strong and sustainable economic growth. The EU remains committed to promoting growth and economic stability through low tariffs and maintaining a strong, rules-based trading system.

The spokesperson mentioned, "We have not yet been informed of any additional tariffs on EU products," and that the EU will "respond firmly" to any trade partners that impose unfair or arbitrary tariffs on EU goods.

U.S. President Trump has previously threatened to impose tariffs on goods exported from the EU to the U.S. He recently stated that if products are not produced in the U.S., they will face tariffs of "hundreds of billions or even trillions of dollars."

According to the Financial Times, EU officials began drafting contingency plans last summer in response to Trump's trade war.

The initial plan was to negotiate areas where the EU could purchase more U.S. products (such as liquefied natural gas) and reduce the trade deficit that Trump often criticizes. Some countries also hoped to commit to increasing defense spending to appease Trump, who wants NATO member countries to spend 5% of their GDP on military.

If all these efforts fail, the trade department of the European Commission will spend months preparing a list of U.S. imported products that could be subject to tariffs of 50% or higher. Brussels has kept the details of these retaliatory measures confidential to avoid provoking Trump.

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