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Scholz said the EU is ready to respond with a united front to the US duties

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German Chancellor Olaf Scholz said that Europe wants to cooperate with the United States, but the European Union (EU) is ready to respond with a united front in response to American duties. His words were reported on March 30 by the Reuters news agency.

Scholz stressed that trade wars are detrimental to all sides. He warned that Europe is "not naive, but not weak either."

"Europe wants to cooperate with the United States, but the EU is ready to act as one if Washington leaves them no choice by imposing tariffs on steel and aluminum," Scholz said.

Reuters reported on March 11 that U.S. President Donald Trump ordered an increase in import duties on Canadian steel and aluminum to 50%, without excluding new restrictions. It was clarified that Canada is the largest foreign supplier of steel and aluminum to the United States.

In response, Canadian Finance Minister Dominique Leblanc announced on March 12 that Ottawa would impose 25% duties on US exports worth $20 billion. The measures will take effect on March 13. He stressed that this measure applies to steel and aluminum products, as well as additional imported American goods.

Canadian Prime Minister Mark Carney announced at a press conference on March 27 that the country's economic course was changing due to Trump's actions. Thus, the country intends to reduce its economic dependence on the United States. Canada also wants to rebuild the economy based on the policies of the President of the United States.

Переведено сервисом «Яндекс Переводчик»

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