The Trump option for 30% duties would distribute significant transatlantic supply chains, says von der Layen

About the possible “disturbance of major transatlantic supply chains, at the expense of businesses, consumers and patients,” European Commission President Ursula von der Laien warned today following Donald Trump’s announcement of a 30% duty on Europe. Specifically, the chairman of the Commission said in its statement that: “Imposing 30% of EU exports would have distributed significant transatlantic supply chains, on businesses, consumers and patients on both sides of the Atlantic.” “The EU has steadily prioritized a solution after negotiating with the US, which reflects our commitment to dialogue, stability and a constructive transatlantic partnership,” continued von der Laen. “We remain ready to continue working for an agreement until August 1st. At the same time, we will take all necessary measures to protect EU interests, including adopting analog countermeasures, if necessary. In the meantime, we continue to deepen our global partnerships, based firmly […]
Source: News Beast

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