US tariffs strain global trade ties with Mexico and Canada
The European Commission deeply regretted the United States' decision to impose tariffs on goods imported from Mexico and Canada. EC spokesperson Olof Gill warned that this move threatens to disrupt global trade. "We call on the United States to reconsider its approach," reads the statement.
Gill added that tariffs on Canada and Mexico will not only harm global trade but also key economic partners and "creating unnecessary uncertainty at a time when international cooperation is more crucial than ever."
The spokesperson also emphasized that Mexico and Canada are not only close EU allies but also important economic partners, as confirmed by the economic and trade agreements concluded between the EU and these countries. This refers to the CETA agreement between the Union and Canada and the global agreement signed with Mexico.
The EC also warned that the USA's tariffs "threaten deeply integrated supply chains, investment flows, and economic stability across the Atlantic" and announced that the Union strongly opposes protectionist measures that undermine the principles of open and fair trade.
e call on the United States to reconsider its approach and work towards a cooperative, rules-based solution that benefits all parties - said the EC spokesperson in a statement.
Trump announced 25% tariffs on all goods from Mexico and Canada, which went into effect at midnight Eastern Time on Monday and Tuesday nights.
The USA also implemented a 10% tariff increase on goods from China, one of the largest single tax hikes in history.
