French Industry Minister Marc Ferracci has said Europe would respond to the likely implementation of tariffs by US President Donald Trump in a proportionate manner.
Ferracci, who stated this on Wednesday, however, said Europe would not escalate tensions under any circumstances.
“Europe has always been on the side of negotiation and calming things down, because trade wars, you know, only produce losers,” Ferracci said.
Media Talk Africa reports that US President Donald Trump will announce sweeping new reciprocal tariffs on global trading partners on Wednesday.
This has raised concerns about price increases and likely prompting retaliation from other countries.
