US EditionPeso Drops on US Tariff Threats - BusinessWorld Online
The European Union keeps trade-defence tools ready to protect industries and supply chains while emphasizing diplomacy and restraint to prevent tariff escalation.
- European Commission in Brussels emphasizes dialogue with the US while retaining trade-defence instruments as a precaution, ready to respond if necessary.
- EU officials say they are monitoring trade rhetoric closely and assessing impacts on manufacturing, agriculture, and automotive sectors while keeping national governments informed for coordinated responses.
- A Commission spokesperson stressed `sometimes the most responsible course of action is moderation,` and Brussels stresses unity among member states and a coordinated stance is essential.
- The Commission says any response would be proportionate and follow international trade rules after exhausting diplomatic options, while officials warn tariff escalation would harm businesses and consumers on both sides.
- Contacts between EU and US representatives continue as rhetoric intensifies, with Brussels warning renewed tariff disputes risk undermining years of cooperation and disrupting global supply chains affecting key industries.
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12 Articles
If Donald Trump wants to punish EU countries with tariffs, the EU must respond. However, the League of States will not immediately seek escalation, but will proceed gradually and with increasing intensity.
Peso drops on US tariff threats - BusinessWorld Online
THE PESO slid against the dollar on Monday as fresh tariff threats from the United States dented risk sentiment. The local unit closed at P59.44 versus the greenback, weakening by nine centavos from its P59.35 finish on Friday, data from the Bankers Association of the Philippines data showed. The peso opened Monday’s trading session slightly stronger at P59.34 versus the dollar. Its intraday best was at P59.29, while its weakest showing was at P…
Brussels says it is ready to respond as Trump raises tariff threats
The European Union says it is prepared to respond to any new trade measures imposed by US President Donald Trump, while stressing that restraint and dialogue remain its preferred approach as tensions over tariffs return to the political agenda. Speaking in Brussels, European Commission officials confirm that the EU has the necessary tools to protect its economic interests if Washington proceeds… Source
Brussels warns Donald Trump that it is "prepared" to respond if there are new tariffs against EU countries for the situation with Greenland, but above all the European Commission is advocating, for the time being, to calm the waters. "Sometimes the most responsible is moderation," said EU spokesman Olof Gill, at a press conference. "That is what the European Union represents," he said, aware that the leaders of the 27, yes, are in touch to come …
European leaders will meet on Thursday evening at an extraordinary summit to discuss Donald Trump's repeated threats to Greenland and customs duties, a Council spokesman announced on Monday. ...
On the morning of January 19th, Eastern Time, Eurozone finance ministers arrived in Brussels, Belgium, for a meeting to respond to Trump's tariff threats. NTD and The Epoch Times provided online rebroadcasting.
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