Asger Risom
As Donald Trump threatens to impose a sweeping 30% tariff on European imports, Brussels is bracing for what officials call an economic rupture.
As Donald Trump threatens to impose a sweeping 30% tariff on European imports, Brussels is bracing for what officials call an economic rupture.
Brussels Rings the Alarm
European Commissioner Valdis Dombrovskis declared that a 30% tariff would “practically prohibit” trade with the U.S., warning it would collapse current transatlantic ties.
Spain’s Economy Minister Calls for Preparedness
Carlos Cuerpo urged fellow EU leaders to keep negotiating, but also to brace for countermeasures if the U.S. enforces the tariff.
Countdown to August 1
Negotiators face a tight deadline, with Brussels determined to reach a last-minute deal while signaling readiness for retaliatory action.
Supply Chains in Peril
Dombrovskis stressed that the proposed tariffs could devastate supply chains on both sides of the Atlantic, with severe economic consequences.
Four-Pronged EU Strategy
The EU’s response plan includes continued negotiation, rebalancing measures, outreach to global partners, and an intensified push to open new markets.
Cuerpo: Agreement “Within Reach”
The Spanish minister remains optimistic, saying a deal with the U.S. is still attainable but must be supported with firm contingency planning.
A Warning to the White House
Brussels is urging Washington to reconsider, warning that unilateral action could lead to a full-blown trade war and destabilize global commerce.
Global Trade Diversification
Dombrovskis pointed to new trade efforts, such as deals with Indonesia, as part of the EU’s pivot strategy amid mounting U.S. tensions.
Trade War Looms if Talks Fail
With both sides standing firm and stakes rising, the risk of a major transatlantic trade conflict grows unless diplomacy prevails in the coming weeks.
