国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Opinion
Home / Opinion / From the Press

EU must diversify trade to counter tariff threats

ECONOMIC DAILY | Updated: 2025-03-19 07:14
Share
Share - WeChat
[Photo/Agencies]

The European Union recently slapped tariffs on €26 billion ($28.38 billion) worth of goods from the United States, covering agricultural products, textiles, home appliances, and products from key Republican states, responding with precision to the 25 percent tariffs the US has imposed on imported steel and aluminum products from the EU. The EU estimates that US tariffs will cause it about €6 billion in direct losses, while its countermeasures exceed this by more than four times.

However, behind the seemingly tough stance, the EU remains constrained by its weak economic recovery, internal political divisions, and insufficient strategic autonomy. Its weak growth constrains the EU's ability to retaliate. In 2024, the EU's economic growth rate was 0.9 percent, with an expected growth rate of no more than 1.5 percent in 2025. Meanwhile, although the eurozone's inflation rate dropped to 2.4 percent in 2024, food and energy prices continue to rise, household savings rates remain high, and corporate investment willingness is low.

Also, divisions among EU member states on multiple issues continue to widen. For example, cracks have already appeared among EU member states on how to respond to the US threat to impose 200 percent tariffs on EU wine.

Europe's dependence on the US for defense and energy security makes it difficult for it to completely break free from strategic reliance on the US. So when the US imposes unilateral tariffs in the name of "national security", Europe lacks substantive means to counterbalance it.

In November, European Central Bank President Christine Lagarde suggested that the EU purchase more goods from the US, such as liquefied natural gas, to reduce possible conflict and promote cooperation.

A recent trade policy assessment by the Kiel Institute for the World Economy in Germany stated that if the US tariffs are fully implemented, they will lead to an economic contraction in the EU. To mitigate the risks of a trade conflict with the US, the EU needs short-term measures, such as strengthening trade cooperation with other countries and regions, promoting trade diversification, and enhancing policy coordination to counter US trade threats.

 

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
明光市| 江山市| 隆尧县| 库尔勒市| 新营市| 吴川市| 乌拉特中旗| 磐石市| 玉溪市| 鄱阳县| 聂拉木县| 安福县| 日土县| 凌海市| 宝兴县| 定兴县| 应城市| 刚察县| 五原县| 平远县| 台湾省| 宝山区| 镇平县| 永平县| 云林县| 舒兰市| 句容市| 济南市| 郸城县| 浦北县| 咸阳市| 改则县| 博客| 喀喇沁旗| 南京市| 招远市| 莱芜市| 隆回县| 汝阳县| 河南省| 滨海县|