The EU states that the 30% US tariff is detrimental to both parties' interests, and it will take retaliatory measures if necessary.
BlockBeats News, July 13th. On July 12th local time, European Commission President von der Leyen made a statement in response to a letter from U.S. President Trump. The letter outlined revised tariff rates and a new schedule. The statement noted that the U.S. imposition of a 30% tariff on EU exports would disrupt a key transatlantic supply chain, harming the interests of businesses, consumers, and patients on both sides. Globally, few economies can rival the EU in terms of openness and adherence to fair trade rules. The EU has always been committed to resolving differences with the U.S. through negotiation. The EU remains ready to work towards an agreement by August 1st. In the meantime, all necessary measures will be taken to safeguard the EU's interests, including adopting proportionate retaliatory measures when needed. The EU will also continue to deepen global partnerships, firmly rooted in rule-based international trade principles. (CCTV)
You may also like

AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition

When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer

Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1

$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor

Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.

Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.

Is the Market Slump Still Making Millions a Day? Is pump.fun's Revenue Real?

Understanding x402 and MPP in One Article: The Two Paths of Agent Payments

Quick Look at the Latest 18 Graduation Projects from Alliance: Who's the Next Pump.fun?

It's not just the prediction market that profits from the Iraq War

The "bank card" of AI has caught the attention of the giants

Morning News | U.S. SEC approves tokenized trading on Nasdaq; Animoca Brands announces investment in AVAX tokens; Algorand Foundation completes strategic integration

$70 trillion wealth transfer, the financial gateway is being rewritten | Interview with Robinhood CEO Vlad Tenev

Whale Opens 20x Oil Short on Hyperliquid With 5.6M USDC at Risk
Key Takeaways A significant leveraged short position on crude oil has been initiated on Hyperliquid using 5.6 million…

Bitcoin: The Ultimate Hedge Against Chaos
Key Takeaways Michael Saylor, co-founder of Strategy, firmly believes Bitcoin is the ultimate hedge against macroeconomic chaos. Strategy…

“Set 10 Major Targets First,” Whale Reopens Long Positions in Bitcoin
Key Takeaways A prominent cryptocurrency whale known as @Jason60704294 has reopened a long position in Bitcoin. The whale…

Analysis: Despite Bitcoin’s Price Dip, Bullish Trends Persist
Key Takeaways Despite Bitcoin’s decline below $71,000, its bullish momentum remains strong, with significant buying activity from ETFs…

DeFi Protocol Neutrl Faces Potential Security Breach
Key Takeaways The DeFi protocol Neutrl has reported a suspected attack on its front-end interface, urging users to…