European Leaders Vow to Stand Firm and Unified Against Trump’s Tariffs
French President Emmanuel Macron emphasized that the tariff issue could potentially drive the EU to become more united and proactive in addressing collective security concerns.
During an informal defense meeting in Brussels on Monday, several European leaders responded to President Donald Trump’s tariff threat by advocating for “tough” and “united” action.
Macron highlighted how recent events, including COVID and Russian aggression in Ukraine, have prompted Europe to be more vigilant. He stated, “What is happening… with the choices and statements of the new administration of President Donald Trump pushes the EU to be more united and more active to respond to issues of collective security.”
Stock prices across Europe dropped on Monday morning amid concerns of a potential trade war.
Major European auto brands like Porsche AG, BMW, Volkswagen, Mercedes-Benz, and Stellantis saw their stocks decline by 3.7 percent to 6.5 percent.
Tusk stated, “Poland will encourage a firm, clear, and tough European position to be conveyed to the American administration.”
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Trump warned that the EU could face tariffs, claiming that they have taken advantage of the United States and highlighting disparities in trade practices.
Leaders at the Brussels meeting likely discussed impending tariffs from the Trump administration, despite the focus being on defense.
Kallas: China ‘Laughing’
EU Foreign Policy Chief Kaja Kallas expressed concern that a trade war between the US and EU would benefit China. She emphasized the interdependence between America and the EU.
German Chancellor Olaf Scholz called for cooperation and emphasized the need to shape a shared future amid tariff policies. He highlighted the importance of maintaining a cooperative approach.
Friedrich Merz, leader of the German opposition, criticized Trump’s tariffs, noting that consumers in America would bear the brunt of these actions.
France’s central bank governor, Francois Villeroy de Galhau, criticized the tariffs, especially their impact on the auto industry. He warned that such protectionist measures would increase economic uncertainty and harm global trade.
Spain’s economy minister, Carlos Cuerpo, urged the EU to prioritize competitiveness over protectionism to ensure companies can compete on equal terms with international peers.
The White House indicated that a decision on implementing tariffs on the EU is pending.
EU countries are striving to reduce fossil fuel consumption as they work towards achieving net-zero emissions targets.
Contributions from The Associated Press and Reuters.
