Valdis Dombrovskis, Vice Chairman of the EU Committee for European and Social Dialogue, was photographed at the Renaissance Harbor View Hotel in Wan Chai. South China Morning Post/Chen Xiaomei, December 2, 2017 (Photo by Chen Xiaomei/South China Morning Post/Getty Images)
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The European Union’s economic commissioner told CNBC on Wednesday that Europe would respond accordingly to any tariffs imposed by U.S. President Trump.
“If there is a need to defend our economic interests, we will respond in an appropriate way,” Valdis Dombrovskis told CNBC on Wednesday.
“We are ready to defend our values ​​and our interests and rights if necessary,” he added in an interview with CNBC’s Steve Sedgwick on the sidelines of the World Economic Forum in Davos, Switzerland.
Since taking office on Monday, Trump has repeatedly threatened to impose tariffs on EU goods entering the United States, telling reporters that the EU “treats us very, very badly. So they’re going to face tariffs. That’s the only way” … You’re going to get fair .
He also said his government was discussing implementing additional 10% tariff on goods Imports from China started in February.
Dombrovskis said that the United States and Europe are strategic allies, and geopolitical and economic cooperation between the two sides is very important. He said European officials were talking to their U.S. counterparts to find “pragmatic” solutions to tariff discussions.
This is a developing story and will be updated soon.
