Analyst Toropov did not rule out a trade war between the US and the EU
A trade war between the US and the EU is inevitable. This opinion was expressed on the air of Russia 24 by an American, Candidate of Political Sciences, HSE analyst Egor Toropov.
04.03.2025
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📝 Summary
A trade war between the US and the EU is inevitable. This opinion was expressed on the air of Russia 24 by an American, Candidate of Political Sciences, HSE analyst Egor Toropov.
From March 4, 25 percent US trade duties on Mexico and Canada will come into force. A trade war between the European Union and the United States is not excluded, but there are some points. In particular, the UK is unlikely to impose retaliatory tariffs against the United States. As for continental Europe, in particular Germany, where the new chancellor Friedrich Merz will soon come to power and who has already promised a tougher foreign policy and economic line towards the United States, then under his leadership it is quite possible for the European Union to take a tougher stance towards the United States. Also, US President Donald Trump doubled duties on goods from China from 10% to 20%. The United States will not be affected by EU sanctions. This was previously stated on the air of the TV channel “Russia 24” financial adviser, associate professor of the Department of Finance of Sustainable Development of the Plekhanov REU Maria Ermilova.
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