The EU states that the 30% US tariff is detrimental to both parties' interests, and it will take retaliatory measures if necessary.
BlockBeats News, July 13th. On July 12th local time, European Commission President von der Leyen made a statement in response to a letter from U.S. President Trump. The letter outlined revised tariff rates and a new schedule. The statement noted that the U.S. imposition of a 30% tariff on EU exports would disrupt a key transatlantic supply chain, harming the interests of businesses, consumers, and patients on both sides. Globally, few economies can rival the EU in terms of openness and adherence to fair trade rules. The EU has always been committed to resolving differences with the U.S. through negotiation. The EU remains ready to work towards an agreement by August 1st. In the meantime, all necessary measures will be taken to safeguard the EU's interests, including adopting proportionate retaliatory measures when needed. The EU will also continue to deepen global partnerships, firmly rooted in rule-based international trade principles. (CCTV)
You may also like

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

a16z Crypto Partner: Cash flow is the moat

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money

How TradeXYZ, xStocks, and Alpaca break down the SpaceX IPO into three different strategies

$75 billion in risk asset redistribution: How will SpaceX's IPO affect U.S. stocks and Bitcoin?

Why Is BlackRock Investing $5 Billion in the SpaceX IPO?

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?

Galaxy in-depth report: Is Solana still worth paying attention to?

Young people in South Korea make a "final effort" in the epic bull market

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

How much longer can Ethereum's last big buyer hold on?

