“A major blow”: European leaders react as sweeping Trump tariffs rattle global economy

European leaders responded on Thursday to U.S. President Donald Trump’s announcement a day earlier of sweeping "reciprocal" tariffs on nearly 200 global trading partners, calling the tariffs a “major blow” and “unfounded.”

The list of countries and territories, laid out across eight pages of documents, includes a baseline 10 per cent tariff - but imposes higher additional duties on many countries.

The U.S. will charge a 20 per cent tax on imports from the European Union, 10 per cent on the U.K. and 31per cent on Switzerland.

“Let’s be clear about the immense consequences. The global economy will massively suffer. Uncertainty will spiral and trigger the rise of further protectionism,” said European Commission President Ursula von der Leyen.
French President Emmanuel Macron called the tariffs “unfounded” and called for a suspension of European investment into the U.S.

English Prime Minister Keir Starmer said a global trade war was “in nobody’s interest” but said Britain would take a “calm approach.”

For more info, please go to https://globalnews.ca/news/11112704/donald-trump-reciprocal-tariffs-global/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #trumptariffs #tariffs #tradewar