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Trump's tariffs, Von Der Leyen: The consequences will be terrible for millions of people. Our greatest ally let us down

2025-04-03 08:04:08Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Trump's tariffs, Von Der Leyen: The consequences will be terrible for
Von Der Leyen

US President Donald Trump has announced a wave of new tariffs on many countries, declaring a universal “base” tax of 10% on imports into the US, calling it “Liberation Day”. Trump confirmed a 10% tariff on UK goods and 20% on EU goods, saying it would usher in a “golden age” for America.

Ursula von der Leyen, the president of the European Commission, has called the tariffs a major blow to the global economy.

"Let's be clear about the major consequences: the global economy will suffer massively, uncertainty will spiral and cause further protectionism to rise. The consequences will be dire for millions of people around the globe."

She highlighted the impact that Trump's tariffs will have on consumers and businesses, who usually end up paying the additional cost for goods after such measures are implemented.

"It will be felt immediately by consumers, particularly harming the most vulnerable citizens," she said, adding that all businesses, large and small, will suffer from day one.

Von der Leyen also complained about the broad nature of the tariffs, which will dramatically impact trade relations with what she described as "Europe's oldest ally."

"The cost of doing business with the United States will increase drastically. And furthermore, there seems to be no order in the disorder – no clear path in the complexity and chaos that is being created, as all major trading partners have been hit," she said.

Von der Leyen also spoke about countermeasures to Trump's tariffs - saying that Europe is already finalizing its first package of measures in response to the first steel tariffs and is preparing further countermeasures if negotiations fail.

"I know that many of you feel disappointed by our oldest ally. We must prepare for the impact that it will inevitably have," the European Commission president added.

Concluding her statement, von der Leyen emphasized Europe's position as a united front.

"We, Europe, are in this together: if you take on one of us, you take on us all. Our unity is our strength," von der Leyen said.

She stressed that Europe would stand with those directly affected, noting that some of the most vulnerable countries in the world are being hit with the highest tariffs.

"Europe stands together – for business, for citizens and for all Europeans, and we will continue to build bridges with all those who, like us, care about fair and rules-based trade as a basis for prosperity," Von der Leyen concluded.


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