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US tariffs are 'major blow to world economy,' EU chief warns

US trade partners are urging President Donald Trump to reconsider the new tariffs he has imposed on multiple countries, with the EU chief calling them a 'major blow to the world economy.' The EU is preparing for countermeasures if negotiations fail, but still hopes to address concerns through negotiations. Japan also criticizes the tariffs as 'extremely regrettable' and suggests they may violate WTO rules and the US-Japan trade agreement.

Original article source: https://www.timesofisrael.com/liveblog_entry/us-tariffs-are-major-blow-to-world-economy-eu-chief-warns/
Source Id: 2025-04-679285886

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