The tariffs “we see them as unjustified. It will be a problem for economic growth in both Europe and the United States. And other countries as well. There is a risk of global economic fragmentation. There are IMF estimates that in the medium term global GDP will fall by 7 percent. This is like losing the combined GDP of Germany and France. The negative impact is obvious.” Thus, in an interview with la Repubblica, EU Commissioner for Economic Affairs Valdis Dombrovskis. “It is a scenario we want to avert. We will continue to engage with the United States with a positive approach. But we are ready to react firmly and proportionately with counter-duties when necessary. We will defend our companies, our workers and consumers. Right now there are several announcements by President Trump, but only those. So it will be necessary when these statements are translated into concrete measures,” he adds. However Dombrovskis notes, “already 4-5 years ago Trump imposed duties on steel and aluminum and we reacted and then negotiated.”
(ITALPRESS).
-Photo: Ipa Agency-
Duties, Dombrovskis “Risk 7% global GDP collapse”
