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Valdis Dombrovskis, Vice President of the European Commission for the Euro and Social Dialogue, photographed at the Renaissance Harbor View Hotel in Wan Chai. 02 DEC 17 SCMP/Xiaomei Chen (Photo by Chen Xiaomei/South China Morning Post via Getty Images)
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Europe will respond to any tariffs imposed by US President Donald Trump in a proportionate manner, the European Union’s economic commissioner told CNBC on Wednesday.
“If it is necessary to defend our economic interests, we will respond proportionately,” Valdis Dombrovskis told CNBC on Wednesday.
“We are ready to defend our values and also our interests and rights if necessary,” he added, speaking to CNBC’s Steve Sedgwick on the sidelines of the World Economic Forum in Davos, Switzerland.
Since his inauguration on Monday, Trump has repeated his threat to impose tariffs on EU products entering the United States, telling reporters that the EU was “very, very bad to us. So they’re in for tariffs.” “It’s the only way.” …you will get justice.”
He also said his administration was discussing imposing an additional 10% tariff on goods imported from China, starting in February.
Dombrovskis said the United States and Europe were strategic allies and it was important for them to work together, both geopolitically and economically. He said European officials were talking to their American counterparts to find a “pragmatic” solution to the tariff row.
This is a developing story and will be updated shortly.
