{"id":15894,"date":"2025-07-14T08:35:48","date_gmt":"2025-07-14T08:35:48","guid":{"rendered":"https:\/\/topat10.com\/?p=15894"},"modified":"2025-07-14T08:35:48","modified_gmt":"2025-07-14T08:35:48","slug":"european-finance-ministers-brace-for-trumps-surprise-30-eu-tariffs-if-you-want-peace-you-have-to-prepare-for-war","status":"publish","type":"post","link":"https:\/\/topat10.com\/?p=15894","title":{"rendered":"European finance ministers brace for Trump\u2019s surprise\u00a030% EU tariffs:\u00a0\u2018If you want peace, you have to prepare for war\u2019"},"content":{"rendered":"\n

European trade ministers are meeting in Brussels on Monday, following U.S. President Donald Trump\u2019s surprise announcement of\u00a030% tariffs on the European Union.<\/a><\/p>\n

\n

The EU is America\u2019s biggest business partner and the world\u2019s largest trading bloc. The U.S. decision will have repercussions for governments, companies and consumers on both sides of the Atlantic.<\/p>\n

\u201cWe shouldn\u2019t impose countermeasures at this stage, but we should prepare to be ready to use all the tools in the toolbox,\u201d said Denmark\u2019s foreign minister, Lars L\u00f8kke Rasmussen, told reporters ahead of the meeting. \u201cSo we want a deal, but there\u2019s an old saying: \u2019If you want peace, you have to prepare for war.\u2019\u201d<\/p>\n

The tariffs, also imposed on Mexico, are set to start on Aug. 1 and could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals more expensive in the U.S., and destabilize economies from Portugal to Norway.<\/p>\n

Meanwhile, Brussels decided to\u00a0suspend retaliatory tariffs<\/a>\u00a0on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.<\/p>\n

The \u201ccountermeasures\u201d by the EU, which negotiates trade deals on behalf of its 27 member countries, will be delayed until Aug. 1.<\/p>\n

Trump\u2019s letter shows \u201cthat we have until the first of August\u201d to negotiate, European Commission President Ursula von der Leyen told reporters in Brussels on Sunday.<\/p>\n

Maro\u0161 \u0160ef\u010dovi\u010d, the EU\u2019s trade representative in its talks with the U.S., said negotiations would continue<\/p>\n

\u201cI\u2019m absolutely 100% sure that a negotiated solution is much better than the tension which we might have after the 1st of August,\u201d he told reporters in Brussels on Monday.<\/p>\n

\u201cI cannot imagine walking away without genuine effort. Having said that, the current uncertainty caused by unjustified tariffs cannot persist indefinitely and therefore we must prepare for all outcomes, including, if necessary, well-considered proportionate countermeasures to restore the balance in our transit static relationship.\u201d<\/p>\n

The letters to the EU and Mexico come in the midst of an on-and-off Trump threat to impose tariffs on countries and right an imbalance in trade.<\/p>\n

Trump imposed tariffs in April on dozens of countries, before pausing them for 90 days to negotiate individual deals. As the three-month grace period ended this week, he began sending\u00a0tariff letters<\/a>\u00a0to leaders, but again has pushed back the implementation day for what he says will be just a few more weeks.<\/p>\n

If he moves forward with the tariffs, it could have ramifications for nearly every aspect of the global economy.<\/p>\n

In the wake of the new tariffs, European leaders largely closed ranks,\u00a0calling for unity but also a steady hand<\/a>\u00a0to not provoke further acrimony.<\/p>\n

Just last week, Europe was cautiously optimistic.<\/p>\n

Officials told reporters on Friday they weren\u2019t expecting a letter like the one sent Saturday and that a trade deal was to be inked in \u201cthe coming days.\u201d For months, the EU has broadcast that it has strong retaliatory measures ready if talks fail.<\/p>\n

Reeling from successive rebukes from Washington, \u0160ef\u010dovi\u010d said Monday the EU is \u201cdoubling down on efforts to open new markets\u201d and pointed to a new economic agreement with Indonesia as one.<\/p>\n

The EU top brass will visit\u00a0Beijing for<\/a>a summit<\/a>\u00a0later this month while courting other Pacific nations like South Korea, Japan, Vietnam, Singapore, the Philippines, and Indonesia, whose prime minister visited Brussels over the weekend to sign a new economic partnership with the EU. It also has mega-deals in the works with Mexico and a trading bloc of South American nations known as\u00a0Mercosur<\/a>.<\/p>\n

While meeting with Indonesia\u2019s president on Sunday, Von der Leyen said that \u201cwhen economic uncertainty meets geopolitical volatility, partners like us must come closer together.\u201d\n<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

European trade ministers are meeting in Brussels on Monday, following U.S. President Donald Trump\u2019s surprise announcement of\u00a030% tariffs on the European Union. The EU is America\u2019s biggest business partner and the world\u2019s largest trading bloc. The U.S. decision will have repercussions for governments, companies and consumers on both sides of the Atlantic. \u201cWe shouldn\u2019t impose […]<\/p>\n","protected":false},"author":829,"featured_media":15895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[123],"tags":[],"class_list":["post-15894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nEuropean finance ministers brace for Trump\u2019s surprise\u00a030% EU tariffs:\u00a0\u2018If you want peace, you have to prepare for war\u2019 | Unlock Informed Choices with 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The EU is America\u2019s biggest business partner and the world\u2019s largest trading bloc. The U.S. decision will have repercussions for governments, companies and consumers on both sides of the Atlantic. \u201cWe shouldn\u2019t impose…","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/15894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/users\/829"}],"replies":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15894"}],"version-history":[{"count":0,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/posts\/15894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=\/wp\/v2\/media\/15895"}],"wp:attachment":[{"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/topat10.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}