The China Mail - Europe riled, but plans cool-headed response to Trump's tariffs

USD -
AED 3.6725
AFN 68.3669
ALL 83.350198
AMD 382.6682
ANG 1.789783
AOA 917.00025
ARS 1314.487702
AUD 1.555912
AWG 1.80125
AZN 1.703608
BAM 1.678186
BBD 2.013283
BDT 121.620868
BGN 1.684945
BHD 0.377064
BIF 2964
BMD 1
BND 1.286588
BOB 6.907914
BRL 5.471029
BSD 0.999588
BTN 87.180455
BWP 13.450267
BYN 3.366428
BYR 19600
BZD 2.005526
CAD 1.38949
CDF 2864.999947
CHF 0.808299
CLF 0.024749
CLP 970.890023
CNY 7.180399
CNH 7.184305
COP 4036.89
CRC 504.406477
CUC 1
CUP 26.5
CVE 95.29708
CZK 21.16455
DJF 177.720188
DKK 6.42775
DOP 62.374954
DZD 129.905026
EGP 48.489905
ERN 15
ETB 141.79002
EUR 0.861051
FJD 2.27385
FKP 0.74349
GBP 0.74515
GEL 2.694997
GGP 0.74349
GHS 11.005026
GIP 0.74349
GMD 71.999893
GNF 8678.496241
GTQ 7.664982
GYD 209.142475
HKD 7.814065
HNL 26.298309
HRK 6.485306
HTG 130.792926
HUF 341.297966
IDR 16351.25
ILS 3.409699
IMP 0.74349
INR 87.323992
IQD 1310
IRR 42049.999918
ISK 123.479867
JEP 0.74349
JMD 160.645258
JOD 0.709021
JPY 148.254962
KES 129.500301
KGS 87.448007
KHR 4005.000148
KMF 422.494464
KPW 900.00801
KRW 1401.159935
KWD 0.30588
KYD 0.833069
KZT 537.332773
LAK 21600.000428
LBP 89555.000063
LKR 301.768598
LRD 201.874989
LSL 17.669959
LTL 2.95274
LVL 0.60489
LYD 5.425028
MAD 9.020124
MDL 16.829568
MGA 4434.999856
MKD 53.028899
MMK 2098.932841
MNT 3596.07368
MOP 8.045103
MRU 39.969675
MUR 45.740005
MVR 15.409971
MWK 1736.499613
MXN 18.76626
MYR 4.224499
MZN 63.916689
NAD 17.66983
NGN 1536.880254
NIO 36.805843
NOK 10.1804
NPR 139.488385
NZD 1.717903
OMR 0.384494
PAB 0.999631
PEN 3.510291
PGK 4.1435
PHP 57.178495
PKR 281.950424
PLN 3.665303
PYG 7223.208999
QAR 3.64075
RON 4.350903
RSD 100.899018
RUB 80.575028
RWF 1445
SAR 3.752717
SBD 8.220372
SCR 14.714478
SDG 600.498349
SEK 9.62201
SGD 1.288695
SHP 0.785843
SLE 23.292783
SLL 20969.49797
SOS 571.499517
SRD 37.979986
STD 20697.981008
STN 21.35
SVC 8.746316
SYP 13001.955997
SZL 17.670247
THB 32.669981
TJS 9.396737
TMT 3.5
TND 2.891005
TOP 2.342099
TRY 40.936601
TTD 6.774047
TWD 30.498999
TZS 2490.885012
UAH 41.180791
UGX 3563.56803
UYU 40.192036
UZS 12500.000227
VES 137.956902
VND 26432.5
VUV 119.91017
WST 2.707396
XAF 562.893773
XAG 0.02625
XAU 0.0003
XCD 2.70255
XCG 1.801636
XDR 0.699543
XOF 562.000287
XPF 102.750477
YER 240.201476
ZAR 17.736755
ZMK 9001.189039
ZMW 23.117057
ZWL 321.999592
  • RBGPF

    0.0000

    73.27

    0%

  • JRI

    0.0000

    13.33

    0%

  • BCC

    0.0500

    84.55

    +0.06%

  • CMSC

    0.0400

    23.48

    +0.17%

  • BCE

    -0.0300

    25.71

    -0.12%

  • RELX

    -0.5150

    48.175

    -1.07%

  • SCS

    -0.0750

    16.105

    -0.47%

  • RIO

    0.7100

    61.33

    +1.16%

  • NGG

    -0.6800

    71.4

    -0.95%

  • CMSD

    0.0150

    23.705

    +0.06%

  • RYCEF

    0.2400

    13.99

    +1.72%

  • GSK

    0.0100

    40.08

    +0.02%

  • BTI

    0.2800

    59.29

    +0.47%

  • BP

    0.1750

    34.055

    +0.51%

  • VOD

    -0.0400

    11.86

    -0.34%

  • AZN

    -0.0600

    80.46

    -0.07%

Europe riled, but plans cool-headed response to Trump's tariffs
Europe riled, but plans cool-headed response to Trump's tariffs / Photo: © AFP/File

Europe riled, but plans cool-headed response to Trump's tariffs

European politicians and a German industry group criticised US tariffs announced by President Donald Trump on Wednesday, but said they were aiming for a cool-headed response.

Text size:

London said that it hoped an economic deal it is trying to strike with the United States will eventually "mitigate" the impact of the 10-percent tariff Trump was imposing on the UK.

Any action by the European Union -- which is targeted with a 20-percent tariff rate -- "should be proportionate, aimed at defending the interests of our businesses, workers and citizens," said Irish Prime Minister Micheal Martin.

EU chief Ursula von der Leyen was expected to give a reaction on behalf of the European Commission -- which handles trade issues for all 27 countries in the European Union -- around 0300 GMT on Thursday, during a visit she was making to Uzbekistan.

Italian Prime Minister Giorgia Meloni on Wednesday called the new US tariffs on the EU "wrong".

She said the bloc will do all it can "to work for a deal with the United States, aiming to prevent a trade war that would inevitably weaken the West in favour of other global actors".

Meloni's foreign minister, Antonio Tajani, wrote on X that he would meet with EU trade chief Maros Sefcovic in Brussels on Thursday, and the response must be "based on a pragmatic approach, based on dialogue".

- US warns: don't retaliate -

The German chemicals industry called for the EU to "keep a cool head," warning that "a spiral of escalation would only increase the damage".

The Association of the German Chemical Industry said Germany -- an export powerhouse that relies on the US market -- "must not become a pawn in an escalating trade war".

The French government said, just before Trump unveiled his list of tariffs that are being applied, that there would be a sector-by-sector study before the EU announces its response "before the end of April".

Von der Leyen said on Tuesday that, while Brussels prefers to find a negotiated solution, "if need be, we will protect our interests, our people and our companies".

The EU has already been hit by several US tariff announcements since Trump returned to office in January, including a 25-percent levy on auto imports which came into force last week.

The bloc's producers were also affected by a 25-percent US tariff on steel and aluminium from around the world -- to which Brussels has already promised countermeasures to begin in mid-April.

Britain, which is no longer part of the EU, intends to "remain calm" and work on sealing a UK-US economic deal, business minister Jonathan Reynolds said after the tariffs were announced.

He added, though, that "nothing is off the table," stating: "We have a range of tools at our disposal and we will not hesitate to act."

Following Trump's unveiling of his tariffs on trading partners around the world, US Treasury Secretary Scott Bessent warned: "My advice to every country right now is, do not retaliate."

Speaking to Fox News, he advised the impacted countries and territories to "sit back, take it in.... Because if you retaliate, there will be escalation".

K.Leung--ThChM