{"id":93404,"date":"2025-02-27T08:00:44","date_gmt":"2025-02-27T16:00:44","guid":{"rendered":"https:\/\/www.cogwriter.com\/news\/?p=93404"},"modified":"2025-02-27T06:05:06","modified_gmt":"2025-02-27T14:05:06","slug":"european-union-seeks-to-improve-trade-ties-with-india-as-it-faces-donald-trumps-tariff-threats","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/european-union-seeks-to-improve-trade-ties-with-india-as-it-faces-donald-trumps-tariff-threats\/","title":{"rendered":"European Union seeks to improve trade ties with India as it faces Donald Trump’s tariff threats"},"content":{"rendered":"

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COGwriter<\/a><\/p>\n

The European Union is concerned about tariffs and trade with the USA:<\/p>\n

BRUSSELS (AP) \u2014 The European Union on Thursday pushed back hard against allegations by U.S. President Donald Trump<\/a><\/span> that the 27-nation bloc was out to get the United States, and warned that it would vigorously fight any wholesale tariff of 25%<\/a><\/span> on all EU products.<\/p>\n

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\u2019s warnings that Washington would drop security guarantees for its European allies.<\/p>\n

Thursday\u2019s EU pushback came after Trump told reporters that \u201cthe European Union was formed in order to screw the United States. That\u2019s the purpose of it, and they\u2019ve done a good job of it,\u201d adding that it would stop immediately under his presidency. …<\/p>\n

Spanish Prime Minister Pedro S\u00e1nchez added fiery fuel to the debate.<\/p>\n

\u201cWe 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,\u201d he said in northern Spain.<\/p>\n

The EU also warned that the moment that tariffs are announced, it would trigger tough countermeasures<\/a><\/span> on iconic U.S. industries like bourbon, jeans and motorcycles.<\/p>\n

\u201cSpain and the EU have been together working for months, and we will adopt measures to respond firmly. We will do so as a bloc,\u201d S\u00e1nchez said.<\/p>\n

European Commission trade spokesman Olof Gill also said that the EU would stand up to the Trump administration if tariffs are announced. …<\/p>\n

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.<\/p>\n

The figures are so big that it remained essential to avoid a trade war, the EU has said. https:\/\/apnews.com\/article\/eu-us-trump-trade-war-tariffs-e799b44cbaf81b19c37a57d7fd55ee6d<\/a><\/p><\/blockquote>\n

The President of the EU is in India to try to improve commercial ties, trade, with the world’s most populous nation:<\/p>\n

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\ud83d\udccdTouchdown in Delhi with my team of Commissioners.<\/p>\n

In an era of conflicts and intense competition, you need trusted friends.<\/p>\n

For Europe, India is such a friend and a strategic ally.<\/p>\n

I\u2019ll discuss with @narendramodi<\/a> how to take our strategic partnership to the next level. pic.twitter.com\/I8ypHtwfy8<\/a><\/p>\n

\u2014 Ursula von der Leyen (@vonderleyen) February 27, 2025<\/a><\/p><\/blockquote>\n