The European Commission will assess US President Donald Trump’s announcement for tariffs of up to 25% on automotive imports, it said late on Wednesday, together with other measures the US is looking at in the next days.
“As I have said before, tariffs are taxes – bad for businesses, worse for consumers equally in the US and the European Union,” European Commission President Ursula von der Leyen said in a statement.
The bloc will continue to seek negotiated solutions, while safeguarding its economic interests, she added.
“As a major trading power and a strong community of 27 member-states, we will jointly protect our workers, businesses and consumers across our European Union,” she said. [Reuters]