Ministry announces new regulatory requirements for factories within and outside urban areas    SFDA publishes guidelines for travelers to obtain clearance permit for controlled drugs    11 expats arrested for prostitution in Najran    Saudi Arabia's inflation falls to 5-month low reaching 2.1% in July    SOCPA fellowship opens for professionals worldwide with exam slated for September    Putin praises Trump's peace efforts and floats potential nuclear deal at Alaska summit    Al Nassr arrive in Hong Kong targeting Saudi Super Cup glory    Saudi referee Reem Al-Bishi selected for FIFA Women's Futsal World Cup in Philippines    WHO designates Jeddah and Madinah among 16 "Healthy Cities"    Australia and Vanuatu agree to $328m security and business deal    Red Sea International achieves 44% growth in operating profits for H1 2025 The company announces Q2 2025 financial results    Humanitarian groups call on Israel to end 'weaponization of aid' in Gaza    Melania Trump threatens to sue Hunter Biden for $1bn over Epstein claim    Baby Shark did not plagiarize, South Korea's top court rules    Unreasonable wages, salary delays to trigger violations under Mudad system    PIF raises $9.83 billion in 2024, boosts global ranking to 11th, says Yasir Al-Rumayyan    Visual Arts Commission set to launch Art Bridges Cultural Programs in Scotland, Japan, Korea, and Spain    Saudi Pro League unveils 2025-26 fixture list with blockbuster opening clashes    Donations of living organs rise to 4.9% in Saudi Arabia in 2024    Saudi Arabia exit FIBA Asia Cup after overtime heartbreak against Philippines    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EU preparing 'further countermeasures' to protect its interest, von der Leyen says
Published in The Saudi Gazette on 03 - 04 - 2025

The EU is "preparing for further countermeasures" to protect its interest, Ursula von der Leyen said after Donald Trump announced a 20% levies on European goods, urging the US to "move from confrontation to negotiation".
"We are already finalizing a first package of countermeasures in response to tariffs on steel. And we are now preparing for further countermeasures, to protect our interests and our businesses if negotiations fail," the Commission president said on Thursday from Samarkand, Uzbekistan, where she will attend the first-ever EU-Central Asia summit.
"We will also be watching closely what indirect effects these tariffs could have, because we cannot absorb global overcapacity nor will we accept dumping on our market," she added.
The US President on Wednesday imposed a minimum 10% tariff on all countries, with the EU put on a list of 60 "worst offenders" and slapped with a higher tailored rate of 20%. The levies are scheduled to come into force next Wednesday.
Tariffs on automobiles made outside the US of 25% were also announced with immediate effect.
Sweden and Ireland have already said in statements that they "regret" the additional tariffs.
"We don't want growing trade barriers. We don't want a trade war. That would make our populations poorer and the world more dangerous in the long run," Swedish Prime Minister Ulf Kristersson said.
"But – Sweden and the Swedish Government are well prepared for what's happening now. We stand on solid economic ground, with world-class public finances," he added.
Ireland's Tanaiste, Simon Harris, said in a statement that the bloc "must remain calm and measured in our response", adding that "the EU and Ireland stand ready to find a negotiated solution with the US".
"Together with my government colleagues, my officials and the EU we will be reviewing the situation and the best way to respond in the coming hours and days. The EU will have to respond in a proportionate manner which protects our citizens, our workers and our businesses," he added.
The bloc, von der Leyen said earlier this week in an address to the European Parliament, holds a lot of cards: from trade to technology to the size of our market" and would "approach these negotiations from a position of strength".
The EU recorded a surplus of goods with the US €156.6 billion in 2023 but a deficit of services worth €108.6 billion.
Brussels already has two lists of US products that could be hit with tariffs, EU officials previously said, including one that contains goods that have been subject to suspended tariffs since 2018. Further measures may be necessary, the officials said, that could potentially target services.
In her short address on Thursday, von der Leyen said she agrees with Trump "that others are taking advantage of the current rules" and that she is "ready to support any efforts to make the global trading system fit for the realities of the global economy."
"But I also want to be clear: Reaching for tariffs as your first and last tool will not fix it," she said, adding: "Let's move from confrontation to negotiation." — Euronews


Clic here to read the story from its source.