EU Prepares for Trade Battle with the US! 😮⚙️
Hey there! Have you heard about the European Union (EU) and the United States (US) having a bit of a disagreement? It’s all about something called tariffs, which are like taxes on things countries buy from each other.
The US has decided to put big taxes on things the EU sells to them, like steel, aluminum, and cars. Imagine if your favorite toy suddenly cost more to buy because of new taxes—that’s kind of what’s happening! These taxes could go even higher soon.
The EU’s trade chief, Maros Sefcovic, isn’t happy about this. He said that the EU won’t accept an unfair deal and that “All options remain on the table!” That means they might take actions to protect themselves if things don’t get better.
Other countries are even reaching out to the EU, wanting to be better trade friends. The EU is getting ready, just in case talks with the US don’t work out. They’re making plans to keep things fair and make sure everyone plays by the rules.
Did you know that the US’s new taxes now affect 70% of what the EU sells to the US? That’s a lot! And it could go up to 97% if more taxes are added on things like medicines and electronics.
The EU wants to make sure that these changes don’t cause problems for them. They’re setting up a special group to watch out for any issues and will have some results ready soon.
It’s like a big game of chess between countries, and everyone is watching to see what happens next! 🌍♟️
Reference(s):
EU mulls anti-tariff measures: 'All options remain on the table'
cgtn.com
