The European Union (EU) will respond following the US President Donald Trump💜's announcement that his administration will soon impose a 25 percent tariff on imports from the EU, stated French government spokeswoman Sophie Primas.
🅷"If we must respond, we will respond," Primas told BFM TV on February 27. She added "the European Union has not been created to bother the United States," responding to Trump's comments on Wednesday the EU was formed "in order to screw the United States".
🍃The European Commission said on February 26 that it will react "firmly and immediately against unjustified barriers to free and fair trade" after Trump said his administration would soon announce a 25% tariff on imports from the EU.
Raining Tariffs
Deepening the fear of a global trade war, President Trump has announced his plan to reciprocate tariffs ꧒with every country they trade with which is to increase US tariffs to match the tax rates that other countries charge on imports as he hopes to eliminate any trade imbalances.
✤The US is facing huge trade imbalances with countries, especially with China. With India, the US has a trade deficit of USD 35.31 billion in goods in 2023-24. To bridge this gap, the US President is imposing these duties.
𓆏Trump has announced a 25 per cent duty on all steel and aluminium imports. It will come into effect from March 12. He threatened the BRICS countries with 100% tariffs from the United States if they attempted to undermine the dollar.
♏Trump claimed that BRICS is over and reiterated his threat that the US would cease trade with BRICS countries if they attempt to replace the US dollar with an alternative currency.
ꦚTrump earlier said that the members of the BRICS grouping could face 100% tariffs if the play games.
