Cryptopolitan
2025-07-13 01:06:05

Dutch PM terms US’ incoming EU tariffs as worrying

The US decision to impose a 30% tariff on EU products concerns the Netherlands’ Prime Minister Dick Schoof. Mayors and industry representatives have denounced the tariffs , which are scheduled to take effect Aug. 1, from the city to the CDU and across Europe. He said that the EU could count on the Netherlands to support it fully and stressed that the bloc should remain united and act decisively in searching for a proper outcome that would benefit both sides of the Atlantic. EU leaders appeal for unity and dialogue European leaders have quickly urged calm and unity. However, European Commission President Ursula von der Leyen says she is still open to talking and that the EU will stand up for its economic interests. Ursula von der Leyen, the President of the European Commission, said introducing 30% tariffs on EU exports would be “a lose-lose situation for everyone.” She said it could risk thousands of jobs in the United States and reduce trade between the two partners. The EU has always prioritized dialogue with the US and will always have a constructive approach to the transatlantic partnership.” In a post on X, the French leader also said countermeasures could be employed if a deal couldn’t be reached by August. She noted that they condemn the tariffs in the strongest possible way, as the President of the European Commission has done. She added that when European unity and resolve are crucial, the Commission must show it has the political will to defend European interests by acting swiftly and using tools such as the anti-coercion instrument if no agreement is reached. In this context, France stands alongside the European Commission in the discussions and ongoing negotiations aimed at reaching, by August 1, an agreement which is acceptable to all, indeed the kind of agreement between two major trading partners that are the European Union and the US, between interests and value chains shared. Officials in Germany, France, Spain, Italy, and Ireland had all issued similar statements, warning that the tariffs could trigger a new phase of trade conflict with reverberations in markets worldwide. European Union diplomats are pleading with the United States to come back to the table. They say that higher tariffs will harm consumers, hamper the economic recovery, and erode trust among allies. US turns to tariffs to gain trade advantage The 30% tariff announcement has shocked many, although some European officials think it could be a negotiating stance. Brussels reports indicate that Washington uses tariffs as leverage to obtain better trading terms, particularly on technology, agriculture, and digital services. Unnamed US officials that European media have quoted have suggested the tariffs could be lessened or removed if negotiations advance in the next few weeks. However, it is unclear if President Trump is willing to lessen the tariff burden as August 1 approaches faster. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

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