EU condemns us tariffs, warns of global trade disruption
The European Commission deeply regretted the United States' decision to impose tariffs on goods imported from Mexico and Canada. "This move risks disrupting global trade," warned the EC through its spokesperson, Olof Gill. "We call on the United States to reconsider its approach."
Gill added that tariffs on Canada and Mexico will not only harm global trade but also key economic partners and "create unnecessary uncertainty at a time when international cooperation is more important than ever."
The spokesperson also emphasised that Mexico and Canada are not only close EU allies but also important economic partners, as confirmed by the economic and trade agreements concluded between the EU and these countries. This refers to the CETA agreement between the Union and Canada and the global agreement signed with Mexico.
The EC also warned that the tariffs imposed by the USA "threaten deeply integrated supply chains, investment flows, and economic stability across the Atlantic" and announced that the Union strongly opposes the use of protectionist measures that undermine the principles of open and fair trade.
We call on the United States to reconsider its approach and work towards a cooperative, rules-based solution that benefits all parties," said the EC spokesperson in a statement.
Trump announced 25% tariffs on all goods from Mexico and Canada, which went into effect at 5 a.m. Greenwich Mean Time on Tuesday.
The USA also implemented a 10% tariff increase on goods from China, one of the largest single tax hikes in history.
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