The global economy will significantly reduce … a European official warns of Trump’s fees!

“Unfortunately, we are monitoring Trump’s statements about his intention to impose customs duties against the European Union,” said European Union Commissioner for Economy Valdes Dumbrovscis. We consider this step unjustified, as these fees will constitute a problem for the growth of the economy in Europe and the United States, as well as in other countries, and there is a risk of global economic disintegration. Because of these fees, global GDP will decrease, according to estimates of the International Monetary Fund, by 7% in the medium term. This is equivalent to the loss of GDP of Germany and France together. The negative effect is clear. ”

He added that Europe wants to avoid this scenario and follow a “positive approach” in relations with the United States, but at the same time it is ready to take decisive measures if necessary.

The European Commissioner concluded by saying: “We are ready to respond firmly and proportional when necessary by imposing counter -duties. We will protect our companies, workers and consumers. ”

The permit comes in light of the trade tensions between the United States and the European Union, as Brussels seeks to protect its economic interests while maintaining the possibility of negotiating solutions.