EU and Britain Prepare for Possible Trade War with US

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EU and Britain Prepare for Possible Trade War with US

The European Union and the United Kingdom have developed a set of measures in case of a possible trade war with the United States if the administration of President Donald Trump decides to introduce so-called "punitive" tariffs, Politico reports, citing sources among European officials.

The situation has escalated after Trump's statements about a possible revision of trade agreements with the EU and the UK. The new American leader made it clear that his administration's priorities are to protect national interests and strengthen protectionist measures. This has caused concern among European leaders, who fear significant economic losses if such plans are implemented.

According to Politico, Brussels and London are hoping for a diplomatic solution and intend to try to persuade Trump to abandon his tough tariff policy. However, understanding the difficulty of negotiations with an administration known for its tough rhetoric, the EU and Britain have developed a “Plan B” — a full range of retaliatory measures. These measures include the introduction of mirror tariffs on American goods, as well as restricting US access to strategic European markets.

Experts note that such a scenario could seriously affect both sides. The US and EU countries are traditionally important trading partners. The introduction of mutual tariffs could lead to higher prices, lower trade volumes, and slower economic growth in both Europe and the US.

The British authorities are also closely monitoring developments, as the country's exit from the EU (Brexit) forces London to build new economic relationships with key partners. The UK, like the EU, is interested in maintaining stable trade relations with the United States, but is ready to protect its interests in the event of escalation.

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