European Union officials are set to convene in June to address escalating trade tensions with the United States, focusing on potential tariffs. The discussions follow statements from the Spanish Minister of Agriculture, Fisheries, and Food, Luis Planas, who urged both firmness and prudence in response to the prospect of a trade war.
Planas emphasized the need to distinguish between announcements and concrete decisions, noting that, to date, few definitive measures have been implemented. He highlighted the potential impact of U.S. policies on its own economy, citing exports of soybeans and corn and the labor market.
The EU aims to adhere to its established community rules, asserting that its values are non-negotiable. The meeting will likely address the implications of potential tariffs on EU goods and explore strategies for maintaining stability in the global market.
Notably, the United States recently delayed the imposition of 25% tariffs on imports from Canada and Mexico by one month, following border commitments from Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum. The EU's response and strategies will be closely monitored for their impact on international trade relations.