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EU ministers are preparing a strategy against US duties


February, 12 2025
watermark Economic news

European trade ministers are planning to hold urgent telephone talks on Wednesday to discuss the escalating trade conflict with the United States. According to the information, the main topic of discussion will be the question of how decisive the EU's response should be to the duties imposed by the American administration on imports of European products. 


One of the European diplomats stressed that inaction in this situation is unacceptable. Another representative noted the importance of finding a solution through negotiations. It was also suggested that the most effective approach would be a combination of retaliatory measures and diplomatic dialogue.


It is noted that the harsh reaction of Brussels to the US tariffs may worsen discontent on the part of the US president. At the same time, the lack of an answer can only encourage him to take further steps in this direction.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.