The European Union is “ready to react” in the event of new trade tensions with the US, its ambassador to Washington Jovita Neliupsiene assured, while the election of Donald Trump to the White House is expected to lead to the return of tariffs. “We are in a period of transition, both in Brussels and in Washington, and we are using this moment to focus on the issues on which we believe we can work together” with the new US administration, Neliupsiene said during a press conference. However, there may “sometimes be moments of tension” with the US and “if tensions appear at the trade level, the EU will be ready to react”, he underlined. Bilateral trade between the US and the European Union represents more than 40% of global GDP and would be affected by tariffs. “It’s simple, if (Donald Trump) imposes tariffs, we will respond. But we must manage him as any other American partner: discuss and ensure […]
Source: News Beast

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