'A deal is a deal': After Trump's 15% global tariff blow, EU says it will accept no increase - The Times of India
Tensions between the United States and the European Union have risen after former President Donald Trump proposed a sweeping 15% global tariff on imports. In response, the EU made it clear that it will not accept any additional trade duties beyond existing agreements. European officials stressed that previously negotiated trade terms must be respected, signaling that reopening settled deals is not an option. The move has sparked fresh uncertainty in global markets, with businesses worried about rising costs, disrupted supply chains, and potential retaliation measures. EU leaders emphasized their commitment to fair and stable trade relations while warning that unilateral tariff hikes could harm both economies. Trade experts believe the situation could lead to renewed negotiations or even countermeasures if tensions escalate. As global trade remains fragile, both sides face mounting pressure to prevent further economic strain and protect international market stability.
The Key points
- Trump proposed a 15% global tariff on imports.
- EU refuses to accept any new tariff increases.
- Existing trade agreements must be honored, EU says.
- Move raises fresh US–EU trade tensions.
- Businesses fear higher import and export costs.
- Global supply chains may face disruption.
- European leaders call for stable trade relations.
- Markets react cautiously to tariff uncertainty.
- Possibility of EU countermeasures if tariffs proceed.
- Pressure grows for renewed diplomatic trade talks.
Disclaimer: This preview includes title, image, and description automatically sourced from the original website (timesofindia.indiatimes.com) using publicly available metadata / OG tags. All rights, including copyright and content ownership, remain with the original publisher. If you are the content owner and wish to request removal, please contact us from your official email to no_reply@newspaperhunt.com.
