The tariffs imposed by the US should push Europe to speed up trade agreements with other global partners, European Council President Antonio Costa said, quoted by Reuters, BTA reports.
“We will work with all our partners and continue to strengthen and expand our trade network. Now is the time to ratify the agreements with Mercosur and Mexico and make decisive progress in negotiations with India and other key economies“, Costa wrote in a post on the X platform.
This statement came after US President Donald Trump announced “reciprocal tariffs“ against a number of countries last night in an attempt to stimulate domestic production in the US. However, this measure carries the risk of raising prices and new trade conflicts.