European leaders are grappling with renewed trade tensions after former US President Donald Trump hinted at imposing heavy tariffs on EU goods if re-elected. The proposal has sparked sharp reactions across the continent, with policymakers warning of economic repercussions.
Trade War Fears Resurface
Diplomats in Brussels expressed alarm over Trump's latest comments, which threaten to upend fragile transatlantic trade relations. "This would be a disastrous move for both economies," said one senior EU official, speaking on condition of anonymity.
Spain's Stark Warning
Spanish Prime Minister Pedro Sánchez led the chorus of disapproval, stating: "Europe must stand united against protectionist policies that could destabilise global markets." His remarks came during an emergency meeting of EU trade ministers in Brussels.
Ukraine Crisis Complicates Matters
The trade dispute emerges as European nations continue to support Ukraine against Russian aggression. Some analysts fear Trump's isolationist rhetoric could weaken Western unity on the conflict.
- EU exports to US totalled €484 billion in 2024
- Automotive and agricultural sectors most vulnerable
- Retaliatory measures being considered
German Chancellor Olaf Scholz cautioned against "knee-jerk reactions" but acknowledged the need for contingency planning. Meanwhile, French President Emmanuel Macron called for "a European industrial policy that protects our strategic interests."
Business Community Reacts
The Confederation of European Business warned that new tariffs could cost up to 1.2 million jobs across the continent. "This isn't just about trade figures - it's about families and livelihoods," said Director General Markus Beyrer.
As Brussels prepares its response, all eyes remain on the US election campaign trail, where trade policy looks set to become a defining issue.
