Sputnik International By Svetlana Ekimenko
After US President Donald Trump signed an executive order imposing 25% tariffs on goods from Canada, Mexico and 10% duties on China imports, he warned that the European Union would definitely also face levies “pretty soon.”
The European Union WILL NOT BE INTIMIDATED by Donald Trump’s promise of impending tariffs on EU goods, and is ready to retaliate, German Vice Chancellor and Economy Minister Robert Habeck has warned.
“As Europeans, we are prepared for counter-tariffs. The Americans must know: This is a very bad alternative,” he said.
Habeck, the Green Party’s candidate in the upcoming German federal election, emphasized that import duties increase costs not only for European exporters, but also for US companies and consumers.
“We will make it clear to the Americans: YOU ALSO HAVE SOMETHING TO LOSE. But if that doesn’t work, we cannot allow ourselves to be pushed around,” he added.
❗️💵 TRUMP SLAPS TARIFFS ON CANADA, MEXICO, CHINA – REPORTS
🪙 Mexico – 25%
🪙 Canada – 25% (energy resources – 10%)
🪙 China – 10%
The executive order includes an option to increase them if any country imposes retaliatory measures against Washington, Sky News reported. pic.twitter.com/RJXBb3fskG
— Sputnik (@SputnikInt) February 1, 2025
The minister cautioned against the risks of a trade war, particularly for Germany, stating that “Trump is primarily targeting the German economy and German companies…
READ FULL ARTICLE HERE… (sputnikglobe.com)
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