US customs duties: the EU promises to react “firmly and immediately”

This article was automatically translated from HIBAPRESS, the Arabic version:

Hibapress

The European Union will “firmly and immediately” react to the “reciprocal” customs duties that Washington intends to impose on imports, reaffirmed, on Friday, the European Commission, qualifying these unjustified and fair trade tariffs “.

“The European Commission sees the customs duties + Reciprocal + + Proposed by President Trump as a step in the wrong direction,” the European executive said in a statement, promising to defend European companies, workers and consumers against “unjustified tariff measures”.

“Customs prices accentuate economic uncertainty and disrupt the efficiency and integration of global markets,” said Brussels, recalling that global trade has prospered in the context of “predictable and transparent rules and low prices”, commitments that “the United States undergoes today”.

In addition, the Commission maintains that the EU “maintains some of the lowest customs tariffs in the world” and sees no justification for the increase in American prices on its exports.

“The EU thrives as one of the most open economies in the world, with more than 70 % of imports entering a zero rate. The average customs duties applied by the EU on imported goods remain among the lowest in the world, ”she insisted.

US President Donald Trump promised on Thursday to impose “reciprocal customs duties” to restore “equity” in trade relations between the United States and the rest of the world, without specifying a clear deadline.