EU Competition Chief Criticizes Trump's Trade Policies, Vows Stability
EU Competition Chief Criticizes Trump's Trade Policies, Vows Stability

EU Competition Chief Criticizes Trump's Trade Policies, Vows Stability

News summary

European Union competition chief Teresa Ribera has expressed concern over U.S. President Donald Trump's impact on U.S.-EU relations, highlighting the need for stability and predictability amidst unpredictable policy shifts from Washington. Ribera criticized Trump's transactional approach and emphasized that the EU will not compromise on fundamental values such as human rights and democracy. Tensions have escalated following Trump's announcement of 25% tariffs on steel and aluminum, prompting the EU to prepare reciprocal measures, including potential tariffs on automobiles and pharmaceuticals. She urged for a dialogue with the White House but insisted that the EU should not be pressured into changing legislations already approved by its lawmakers. Additionally, Ribera defended the EU's regulatory framework against U.S. criticisms, asserting that it is not an act of bullying, but rather a necessary measure to maintain order and fairness in the market. The EU remains committed to supporting Ukraine and aims to compete with the U.S. for global influence, as illustrated by its substantial aid contributions.

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