The European Commission has strongly criticized President Donald Trump’s proposed ‘reciprocal’ trade policy, calling it a step in the wrong direction.
In a recent statement, the EU reiterated its commitment to an open, fair, and predictable global trading system that benefits all partners. The EU maintains some of the lowest tariffs in the world, and it sees no justification for the U.S. imposing higher tariffs on European exports.
Trump’s ‘reciprocal’ trade policy, which aims to retaliate against countries with high tariffs on U.S. products, has sparked concerns in Europe. The European Commission warned that such measures would not only harm global trade but also impact American consumers and businesses.
According to the European Commission, tariffs are essentially taxes on consumers and businesses, which in turn raise costs, hinder growth, and contribute to inflation. The EU emphasized that these measures would fuel economic uncertainty and disrupt the efficiency and integration of global markets, making it harder for businesses to operate and for economies to thrive.
The EU’s response comes as part of its broader stance on international trade relations.
The Commission underlined that instead of increasing tariffs, trade policies should be based on collaboration and mutual respect, ensuring benefits for all parties involved.
As the global economy continues to navigate challenges, the EU remains firm in its belief that open markets and predictable trading relationships are key to long-term growth. The European Commission has made it clear that it will continue to advocate for a rules-based global trade system, one that does not resort to protectionist measures that harm both sides of the market.
