EU Ready to Counter Trump's Tariff Threats
The EU is equipped to respond to tariff threats from U.S. President Donald Trump, according to French central bank governor Francois Villeroy de Galhau, who stresses the need to avoid a trade war escalation.
- Country:
- France
The European Union possesses the necessary resources to counter the tariff threats posed by U.S. President Donald Trump, stated Francois Villeroy de Galhau, Governor of the French Central Bank and a member of the ECB board, on Friday.
His remarks highlight the EU's preparation to safeguard its economic interests amidst potential trade tensions with the United States.
Villeroy de Galhau emphasized the importance of preventing any escalation into a full-blown trade war, signaling a preference for diplomacy over economic confrontation.
(With inputs from agencies.)
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