The media reported on the EU's plans to introduce emergency measures due to the influx of goods from Asia

The European Union (EU) is preparing to introduce emergency measures due to increased US trade duties, which could trigger a wave of cheap goods from Asia to EU countries. This was reported on April 4 by the Financial Times (FT) newspaper.

According to Robin Winkler, Deutsche Bank's chief economist for Germany, manufacturers from China will seek to sell more of their products in Europe and other countries as they face a "huge tariff wall in the United States."

The flow of such imports will increase the threat to the European economy associated with the tariffs imposed by American leader Donald Trump, so Brussels is forced to take protective measures against most industries, the newspaper writes.

As noted by the president of the Ifo Institute, Clemens Fuest, Trump's planned high duties will be a "double blow" for the German industry. The German economy is already stagnating, so the US tariffs are likely to push the country into recession, he added.

"Europe's worst economic nightmare has just come true," Carsten Brzeski, head of ING's global macroeconomic division, is quoted as saying by the FT.

A dangerous dilemma: what will Europe and Asia do against the US tariffs

The EU is belligerent, and ASEAN is seeking concessions.

On April 2, Trump announced large-scale measures: base tariffs of 10% are being introduced for all products supplied to the United States. For the EU, this figure has been raised to 20%, and for China — to 34%. In his speech, the president called April 2 the day when Americans will become rich again.