The European Union have intentions of retaliating should President Donald Trump proceed with plans to impose import tariffs on the European Union.
This comes after President Trump announced on Sunday, February 2 that tariffs would become existent.
In response to this development, EU leaders are also determined to fight back the tariff impositions by Trump and this came up when they were discussing security matters and other matters in a meeting.
READ ALSO: Trump Revokes Deportation Protections for 300,000 Venezuelans, despite their overwhelming support
German Chancellor Olaf Scholz stressed the EU’s preparedness to react accordingly in kind, indicating that the bloc “can react to tariff policies with tariff policies.”
He added, “We must and will do that, but the perspective and aim should be that we proceed in such a way so that things come down to cooperation.”
READ ALSO: Elon Musk says he and Trump are shutting down USAID
Polish Prime Minister Donald Tusk described the prospect of a tariff war as “totally unnecessary and stupid,” urging the EU to maintain its self-respect and self-confidence while protecting its interests. “It’s not easy, but we’ll see,” Tusk remarked.
Denmark’s Prime Minister Mette Frederiksen noted that while she does not support “fighting allies,” Denmark would cooperate with the EU in responding to U.S. tariffs.
SEE MORE: Drake made a Mistake coming for his Kenrick Lamar’s family – Dr Dre speaks on rappers’ beef
Similarly, Ireland’s Taoiseach Micheál Martin warned that tariffs would harm citizens through inflation and stressed the need for the EU to act as a unified bloc. “One thing is clear, the EU must act as one,” Martin said.
SEE MORE: Kanye West gushes over wife as he proudly shows off the dress she wore to the Grammys
European Union foreign policy chief Kaja Kallas cautioned that a trade war with the U.S. would result in “no winners,” highlighting potential job losses and price increases. She warned that China would be “the one laughing on the side.”
