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TMI BlogEU pushes back hard against Trump tariff threats and his caustic comments that bloc is out to get USX X X X Extracts X X X X X X X X Extracts X X X X ..... EU pushes back hard against Trump tariff threats and his caustic comments that bloc is out to get US X X X X Extracts X X X X X X X X Extracts X X X X ..... products. The tit-for-tat dispute following the vitriolic comments of Trump aimed at an age-old ally and its main postwar economic partner further deepened the trans-Atlantic rift that was already widened by Trump's warnings that Washington would drop security guarantees for its European allies. Thursday's EU pushback came after Trump told reporters that “the European Union was formed in order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to screw the United States. That's the purpose of it, and they've done a good job of it,” adding that it would stop immediately under his presidency. Prime Minister Donald Tusk of Poland, which holds the EU's rotating presidency, went on a counteroffensive. "The EU wasn't formed to screw anyone," Tusk said in an X post. "Quite the opposite. It was formed to maintain peace, to build respect among ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... our nations, to create free and fair trade, and to strengthen our transatlantic friendship. As simple as that.” And Spanish Prime Minister Pedro Sánchez added fiery fuel to the debate. “We will stand up to those who attack us with unfair tariffs and veiled threats to our sovereignty. We are committed and prepared to do so,” he said in northern Spain. The EU also warned that the moment that tar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iffs are announced, it would trigger tough countermeasures on iconic US industries like bourbon, jeans and motorcycles. "Spain and the EU have been together working for months, and we will adopt measures to respond firmly. We will do so as a bloc," Sánchez said. European Commission trade spokesman Olof Gill also said that the EU would stand up to the Trump administration if tariffs are announced ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . "The EU will react firmly and immediately against unjustified barriers to free and fair trade,” Gill said in a statement. “We will also protect our consumers and businesses at every turn. They expect no less from us.” Trump said in comments late Wednesday that the United States stood ready. “We are the pot of gold. We're the one that everybody wants. And they can retaliate. But it cannot be a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... successful retaliation, because we just go cold turkey. We don't buy any more. And if that happens, we win.” Gill also countered Trump's caustic comments on the inception of the EU and its development as an economic powerhouse. “The European Union is the world's largest free market. And it has been a boon for the United States,” he said, adding that the EU has “facilitated trade, reduced costs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for US exporters, and harmonized standards and regulations,” which makes it easier for US exporters. The EU estimates that the trade volume between both sides stands at about $1.5 trillion, representing around 30% of global trade. Trump has complained about a trade deficit, but while the bloc has a substantial export surplus in goods, the EU says that is partly offset by the US surplus in the tra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de of services. The EU says that trade in goods reached 851 billion euros ($878 billion) in 2023, with a trade surplus of 156 billion euros ($161 billion) for the EU. Trade in services was worth 688 billion euros ($710 billion) with a trade deficit of 104 billion euros ($107 billion) for the EU. The figures are so big that it remained essential to avoid a trade war, the EU has said. "We should ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... work together to preserve these opportunities for our people and businesses. Not against each other,” Gill said. “Europe stands for dialogue, openness and reciprocity. We're ready to partner if you play by the rules.” (AP) ZH ZH X X X X Extracts X X X X X X X X Extracts X X X X
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