- 'Failing marriage': Canadian border cities dismayed by US trade rift
- EU vows firm response if Trump unleashes tariffs
- Trump says tariff 'pain' will be 'worth the price'
- Global warming makes French reservoir a winter resort for migrating cranes
- China shrugs off new Trump tariffs but bruising trade war looms
- Is it Beyonce's time? Music's A-listers ready for the Grammys
- Chappell Roan: the splashy pop supernova
- Trump unveils sweeping US tariffs on Canada, Mexico, China
- US unveils sweeping tariffs on Canada, Mexico, China
- Ex-Charlie Hebdo artist wins top prize at comics festival
- Trump tariff deadline looms, Canada told levies coming Tuesday
- Trump tariff deadline looms over Canada, Mexico, China trade
- Horst Koehler, German ex-president and IMF chief, dead at 81
- Pre-Grammys gala honoring the Grateful Dead focuses on fire relief
- Tradition and technology sync at China 'AI temple fair'
- Taliban govt-run corporation takes over luxury Kabul Serena hotel
- Benin seeks home-grown cotton 'revolution'
- A 'city-killer' asteroid might hit Earth -- how worried should we be?
- Philadelphia plane crash marks a second US aviation disaster
- OpenAI chief says it needs new open-source strategy
- Neymar signs for Santos
- US charges former Fed official with spying for China
- Meta mulling incorporation shift to Texas: report
- Scientists cast doubt on famous US groundhog's weather forecasts
- World's longest cargo sail ship launched in Turkey
- TikTok king Khaby Lame joins UNICEF as goodwill ambassador
- Stock markets mostly gain at end of turbulent week
- Stock markets gain at end of turbulent week
- Calls for UK govt to allow bird flu vaccines for poultry
- Offshore wind power giant Orsted changes CEO
- South Korea, Ireland watchdogs to question DeepSeek on user data
- Trio of rare tiger cubs spotted in Thai national park
- Stock markets close out turbulent week with gains
- South Korea watchdog to question DeepSeek over user data
- Kenya's Ice Lions skate to win on East Africa's only rink
- World awaits Trump tariff deadline on Canada, Mexico and China
- Samsung operating profit hit by R&D spending, fight to meet chip demand
- Japan records biggest jump in foreign workers
- Asian markets mostly rise but worries over tariffs, AI linger,
- Investigators recover plane black boxes from Washington air collision
- 'No happiness': Misery for Myanmar exiles four years on from coup
- Ghosts of past spies haunt London underground tunnels
- Chipmaker Intel beats revenue expectations amidst Q4 loss
- Key nominees for the Grammy Awards
- Beyonce leads Grammys pack at gala backdropped by fires
- Samsung Electronics posts 129.85% jump in Q4 operating profit
- French luxury billionaire sparks tax debate with threat to leave
- Apple profit climbs but sales miss expectations
- Washington midair crash: What we know so far
- Marianne Faithfull: from muse to master
CMSD | -1.59% | 23.84 | $ | |
CMSC | -0.89% | 23.47 | $ | |
BCC | -1.98% | 126.16 | $ | |
SCS | -1.39% | 11.48 | $ | |
BCE | -0.46% | 23.79 | $ | |
NGG | -0.55% | 61.4 | $ | |
GSK | -0.26% | 35.27 | $ | |
RIO | -0.83% | 60.41 | $ | |
JRI | -0.32% | 12.53 | $ | |
AZN | -0.68% | 70.76 | $ | |
BTI | -0.1% | 39.64 | $ | |
RELX | -0.92% | 49.89 | $ | |
RBGPF | 100% | 67.27 | $ | |
RYCEF | -0.81% | 7.43 | $ | |
BP | -1.77% | 31.06 | $ | |
VOD | -0.82% | 8.54 | $ |
EU vows firm response if Trump unleashes tariffs
The European Union insisted Sunday it would retaliate "firmly" if US President Donald Trump hit it with tariffs, as Brussels decried his sweeping measures against Canada, Mexico and China.
Brussels until now has said it hopes to avoid a trade conflict with Trump through negotiation.
But on Friday the US leader doubled down by saying he "absolutely" planned to target the EU in future, after first slapping levies on his North American neighbours and China.
"The European Union regrets the US decision to impose tariffs on Canada, Mexico and China," said a spokesman for the European Commission.
"Tariffs create unnecessary economic disruption and drive inflation. They are hurtful to all sides."
The spokesman said "the EU would respond firmly to any trading partner that unfairly or arbitrarily imposes tariffs on EU goods".
"At this time, we are not aware of any additional tariffs being imposed on EU products," he added.
He said the 27-nation EU remained committed to low tariffs to "drive growth and economic stability within a strong, rules-based trading system".
And he reiterated the EU's commitment to its trade and investment relationship with the United States -- "the biggest in the world".
"There is a lot at stake," said the spokesman. "We should both be looking at strengthening this relationship."
Trump has not hidden his enmity for the EU, accusing it of treating the United States "very, very unfairly" on trade.
Tensions have also risen over his repeated insistence that he wants to take Greenland from EU member Denmark.
Back in 2018, during his first term, Trump imposed tariffs on European steel and aluminium exports -- leading the EU to respond with its own higher duties.
As a result, Europe has been gaming out scenarios for months to ensure it is ready this time around, should he decide to unleash a new trade conflict with the bloc.
- 'Not help anybody' -
EU diplomats and officials insist they stand united and have the tools to respond to any Trump measures -- but experts also point to likely cracks if he ups the pressure.
Economic powerhouse Germany -- facing a fraught election this month and sluggish economy -- has been squeamish over tariffs.
Trump is also likely to try to play the interests of the individual EU states off against each other.
Some European leaders have already been jostling to get closer to him, with Italy's Giorgia Meloni leading the pack.
Italian Foreign Minister Antonio Tajani wrote Sunday that a "tariff war does not help anybody", saying Italy has ideas to protect its companies and that Rome will be a mediator with Washington.
EU officials remain hopeful they can talk Trump out of pulling the tariff trigger.
European Commission chief Ursula von der Leyen back in November floated a potential plan to keep Trump on side: buying more liquefied natural gas from the United States.
That has been billed as a potential win-win by Brussels as it would help the bloc ditch supplies from Russia while also placating the US leader.
Trump himself has demanded the EU buy more US oil and gas -- while also complaining the bloc does not import enough American cars and farm products.
EU leaders are expected to discuss the looming tariff threat from Trump in Brussels on Monday at a gathering intended to focus on defence issues.
American military might still underpins European security through NATO, and US allies nervously eyeing Russia fear that riling Trump could threaten Washington's role protecting their continent.
J.Bondarev--CPN