The EU's stance has changed! Now we are the only ones imposing retaliatory tariffs on the US! On April 10th, according to reports by Deutsche Welle, after the US reduced its tariff to 10%, European Commission President Ursula von der Leyen announced that the EU will suspend the initial retaliatory tariffs on US goods. The validity period is 90 days, during which negotiations will be held with the Trump administration.
Clearly, just after the EU announced retaliatory tariffs of 15-25% on a variety of American products, it changed its attitude the very next day. To be honest, Europe's shift in stance is quite surprising. There are mainly two reasons for this: first, the US aluminum tariff on the EU has been in effect for more than a month; second, don't forget that the US still imposes a 10% tariff on the EU.
However, as soon as they see the US lowering its tariffs, Europe seems to have short-term memory and starts to fantasize about the US again. They even completely ignore the fact that the US is still increasing taxes. Of course, how the EU changes its stance is their own business. For us, no matter how Europe handles the trade war, our position remains unchanged.
Globally speaking, we may be the only country currently counterattacking the US trade war. However, we are not surprised by the development of the situation. We are well aware that the main target of the US in starting the trade war is us. But our attitude is clear: if it's a fight, we will see it through to the end! If it's negotiation, then sincerity is required. Europe's retreat is disappointing, but we are not afraid.
Original source: https://www.toutiao.com/article/1829013417893067/
Disclaimer: This article solely represents the views of the author.