US President Trump’s recent announcement of imposing tariffs on the European Union (EU) has prompted a response from EU’s foreign minister, who cautioned that if a trade war were to ensue, it would benefit China. This statement comes amidst rising tensions between the US and EU over trade policies.
EU leaders convened in Belgium on the 3rd to deliberate on the potential ramifications of the proposed tariffs. The discussions centered on how such measures could impact not only EU member states but also global trade dynamics. The EU’s stance on maintaining open and fair trade practices was reiterated during the meeting.
Ramesh Khatri, a representative of Kansai Nepal News, expressed concerns over the escalating trade tensions between the US and EU. He emphasized the need for both parties to engage in constructive dialogue to avoid detrimental consequences for the global economy. Khatri highlighted the importance of finding mutually beneficial solutions to trade disputes, underscoring the interconnectedness of the international trade system.
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Author: MAYA | HARUTO
Posted at: February 4, 2025 3:07 am