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News Wire / economy

EU Retains All Options Against US Auto Tariffs

RTP Antena 1 Brussels 11d11d Impact 10

The European Union remains committed to a predictable transatlantic relationship while keeping retaliatory options on the table to protect EU interests. Officials may activate the Anti-Coercion Instrument, informally known as the 'commercial bazooka,' in response to US tariff threats. This mechanism was created in June 2023 to protect EU member states from economic coercion by third countries. The instrument has never been activated by the European Union before. The European Commission stated it is maintaining close contact with North American counterparts to seek clarifications regarding United States commitments. The Commission reaffirmed its commitment to a predictable transatlantic relationship while implementing joint declaration commitments in accordance with normal legislative practices.

The European Union remains committed to a predictable transatlantic relationship while keeping retaliatory options on the table to protect EU interests. Officials may activate the Anti-Coercion Instrument, informally known as the 'commercial bazooka,' in response to US tariff threats. This mechanism was created in June 2023 to protect EU member states from economic coercion by third countries. The instrument has never been activated by the European Union before. The European Commission stated it is maintaining close contact with North American counterparts to seek clarifications regarding United States commitments. The Commission reaffirmed its commitment to a predictable transatlantic relationship while implementing joint declaration commitments in accordance with normal legislative practices. The executive body said it will keep the United States administration fully informed throughout the process. The European Commission stated it will retain all options to protect its interests following threats from the US President to increase auto tariffs on the EU to 25%. The European Commission spokesperson stated the EU will retain all options to defend its interests in response to US President's threats to raise auto tariffs to 25%.

Topics

trade tariffs EU-US relations

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Sources · 7 independent

RTP Antena 1

“comunitário diz que se mantém totalmente empenhado numa relação transatlantica provisível e... opções em aberto estão em cima da mesa para proteger os interesses da União Europeia.”

RTP Antena 1

“A Comissão reafirma que mantém o contacto próximo com os homólogos norte-americanos nomeadamente para procurar esclarecimentos sobre os compromissos dos Estados Unidos.”

CRI News Radio

“美国总统威胁提高欧盟书美汽车关税 欧委会发言人表示 欧盟将保留一切选项 维护自身利益”

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