Europe hopes against Trump tariffs but is preparing for the worst

Europe’s leaders were preparing for the Trumman’s Trade War, but the reality of 20% quilt US tariff came as shock.

“This decision is a disaster for the economic world,” French Prime Minister François Bayrou.

“The results will be bad for millions of people around the world,” said EU commission Chief of the Commission Ursula Von Der Leien, who visited Central Asia.

The EU, which is the task of responding on behalf of the 27 Member States, is ready to negotiate with the United States and ready to retreat.

Ab-Trade Commissioner Maros Sefcovic aims to speak tariffs with US colleagues on Friday.

“We will act quietly, carefully and uniformly because we calibrate our answer when giving adequate time for negotiations,” he said.

President Donald Trump tariffs for each European country will have a serious blow, and national governments tried to get the fears of industry and trade.

Italian Giorgia Meloni seemed more of a desire to revenge against the United States until Wednesday – the agenda was cleared and called the Ambulance summit.

Italian exports agrofod products worth 1.6 billion euros (€ 1.35 billion) and 2 billion euros worth of wines in the United States, Alessandro’s Key farmers ‘leaders’ leaders ‘leaders’ Katolerti’s COLDIDETTI’nın COLDIDETTI’nın COLDIDETTI’nın COLDIDETTI’nın COLDIDETTI’nın COLDIDETTI’S.

In addition to economic losses, there is a risk that the US consumers seize the market share to the original Italian products and become imitations.

In Spain, Prime Minister Pedro Sánchez, Trump claimed that the EU had 39% tariffs and insisted in reality.

“It is an excuse to punish the countries and implement sterile protectionism. The trade war will affect everyone, but it will be worth the one that applies most of them.”

The Spanish Chamber of Commerce is afraid of 14% in exports to the United States, especially in machinery and electrical equipment. Sánchez has announced a response plan to help business with finance and view new markets outside the United States.

According to the heavy industry exports, Slovakia is more exposed, and some economists are warning at least 2.5% of economists in just two years.

Polish Prime Minister Donald Tusk warned that this year’s economic speech was awarded a potential potential 0.4%.

Prior to the announcement of the Trump, the French government revised the expected growth this year to 0.7%.

In particular, French wines and spirits are likely to be hit. Head of one of the main wine organizations, Jérôme Bauer warned French wine industry about a net loss of 1bn (835 million pounds).

Italian winemakers also breathe.

“We have already suspended exports in two weeks. Everything is paralyzed because customers are not placed in order and importers,” a winery with more than six centuries.

The United States is 12-13% of total sales and Leone says the company is in Limbo province.

“We understand what the European Union can accept in response to the United States, we understand what decisions we understand. We hope that a type of negotiations will take place and cause a concrete result.”

Europe’s markets were germinous glum for shares sold in stocks that are sold in stocks that are most sensitive to Trump tariffs. One of the great German companies Adidas, 12% of the stock exchanges were removed from the stock exchange.

Small companies are as great as it is great.

“This is the first year we have started exporting to the United States,” Rocco Mangiaracina says Rocco mangriacina, which manages a small family business producing 20,000 bottles of olive oil in a year.

“We sent our first 900 bottles to the American market just a week ago.”

French government Sophie Primas said, “We are ready for this trade war,” the union should be strong, it must be strong, “he said.

He called Europe’s largest economy, Germany, an international trade system, free trade and global supply chains. “

However, Germany is still waiting for a government to organize a government in the Chancellor, so he gave a European power “with 450 million consumers with the world’s strongest domestic market.”

But how will the EU respond and unite it?

Already put the measured response.

The first package of the EU, which is up to 26 billion eur in mid-April, will be revealed for 25% US tariffs in the EU steel and aluminum exports in March. These are retracted to give space for negotiations. If they move, they will cover a wide range of agricultural, food and textile goods.

Discussions are underway for the opposite measures to come at the end of April.

In the words of Von Der Leyen, Europe “keeps a lot of cards”. Additional measures would not only include US goods, but potentially digital services.

Trump complains about the trade deficit of the United States and the United States, with the services of the United States to 109 billion eur in Brussels.

If the EU decides to apply tariffs or restrictions or restrictions in major technological services or restrict access to US public agreements, some can use “Big Bazuka” – more It is known as an anti-rape tool (bitter).

It is necessary to support the majority of EU member states, but it is a strong weapon when European enterprises are under threat.

Peter Dige Thaveen, the Danish Industrial Board, told the BBC, “Great Uncertainty”, “Great uncertainty” global trade handed the global trade hand bomb.

According to him, he said he would hit the smallest exporters of the US tariffs. Although the EU must respond proportional, he said he had to negotiate to prevent a deeper trade war.

While the majority of European leaders continue to condemn US tariffs, Hungarian Foreign Minister Peter Szijjarto blamed the sin on the EU’s leg. Hungarian leader Victor Orban, Trump’s largest ally in Europe is widely seen.

“It has been proved again that people in Brussels lead the European institutions suffering from a very serious trump-phobism,” Szijjarto said.

Although Norway is not a member of the EU, Prime Minister Jonas Gahr said the 15% US tariff is “bad news” that resulted in many Norwegian companies and jobs.

Norway, in the first place, a fear of an exporter and Finance Minister Jens Stoltenberg could be shot in the “triple compression”. Not only with Trump tariffs and lower growth, but also by EU countermeasures.

There may be a trade war with many losses.

An additional report by Giulia Tommasi in Rome.