Trump finalizes details on tariffs: European leaders prepare for tariff wars with the US
Kyiv • UNN
Donald Trump plans to introduce import tariffs, which could lead to a trade war. Europe is preparing to respond, considering protecting its own economic interests.
US President Donald Trump is going to introduce import duties against other countries of the world: it is expected that this will happen on Wednesday, April 2. Meanwhile, some European countries are preparing for restrictions on their exports from the United States. This is reported by UNN with reference to CNN.
Details
European Central Bank President Christine Lagarde said today that she sees the upcoming meeting as a signal to Europe to move towards a more independent policy in areas such as defense and energy supply. Meanwhile, German Chancellor Olaf Scholz said on Sunday that the European Union is ready to respond to Trump's tariffs with a "united front", and British Prime Minister Keir Starmer's spokesman said the British government is "actively preparing for all possible options."
According to BBC, the United Kingdom expects the introduction of new tariffs by the United States, while the Prime Minister's Office stated that an agreement on the exemption of British goods from American tariffs will not be reached in time. The spokesman of the head of the British government noted that negotiations with the United States will continue. At the same time, representatives of some political forces in Britain called on the government to respond with its own tariffs, as Canada and the European Union have already done.
According to CNN, these tariffs will be the biggest attack by US President Donald Trump in his global trade war. What exactly the President will announce on Wednesday is currently unknown. According to White House spokeswoman Caroline Levitt, Trump's plan does not provide for any exceptions for any country in the world.
He has a brilliant team of trade advisors. They are Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, U.S. Trade Representative Jameson Greer, Advisor Peter Navarro, Senior Aide Stephen Miller, and Vice President J.D. Vance. All these people presented the President with plans on how to implement it, and this is the President's decision
Recall
Due to concerns about Trump's tariff plans, gold prices rose to a record high of $3,100.