After failing to negotiate with the US, the EU is preparing a counterattack.

On March 27, the European Commission (EC) announced it was preparing a response to new US import tariffs, after Washington declared that the EU should not expect anything from trade negotiations.

European Commission spokesperson Olof Gill emphasized that the EU will respond promptly, strongly, thoughtfully, and effectively. (Source: Epthinktank)

Specifically, EC spokesperson Olof Gill stated: "The EU has announced retaliatory tariffs on cars. Next week, we understand that a series of new measures from the US, what they call retaliatory tariffs, will come into effect. We deeply regret this, but we are preparing for it."

The EC spokesperson stressed that he could not guarantee the exact timing of Brussels' potential response. However, he said that such responses would be timely, strong, well-considered, and achieve the intended impact.

Also on March 27, EU diplomats confirmed that the 27-member bloc had attempted to initiate negotiations to prevent additional tariffs.

However, Washington has stated that no negotiations will take place until the world's largest economy imposes additional tariffs.

Some unnamed EU officials said the bloc's retaliatory tariffs could be as high as 25%, but the exact figure has not yet been determined.

Currently, the US is seeking to boost domestic production in five sectors, including automobiles, pharmaceuticals, timber, semiconductors, and metals.

Source: https://baoquocte.vn/no-luc-dam-phan-voi-my-nhung-khong-duoc-eu-chuan-bi-phan-don-309112.html