The European Union ‘regretted’ the United States’ decision to raise tariffs on goods from Mexico and Canada. A spokesman for the EU Commission also said that this step carries the risk of disturbing world trade. He creates unnecessary uncertainty.
The authority emphasized that Mexico and Canada are important EU economic partners. The tariffs threatened supply chains, investment currents and economic stability across the Atlantic.
According to media reports, the tariffs for goods from Mexico and Canada announced by US President Donald Trump came into force shortly after midnight (local time). Trump had previously said in Washington that the punitive measures on goods from Canada and Mexico in the amount of 25 percent would apply from Tuesday.
“President Donald J. Trump continues with the introduction of tariffs against Canada and Mexico,” said a Montag published by the White House. There is now a threat of a North American trade war with uncertain consequences for the global economy. The Republican also ordered to double the import duties ordered in February to goods from China to 20 percent.