I hear Americans when they say some others have taken advantage of the rules. I agree. We also suffer from it. So let’s work on it,
Let me be clear: Europe did not start this confrontation, we think it is wrong. But my message to you today is that we have everything we need to protect our people and our prosperity,
Tariffs are taxes that will be paid by the people,
Our objective is a negotiated solution. But of course, if need be, we will protect our interests, our people, and our companies,
We will assess tomorrow's announcements carefully to calibrate our response,
We remain generally cautious about following any euro/dollar rally into the tariff event and instead see mostly downside risks, barring any meaningful U.S. data surprise,
The RBA's statement suggests they're inching towards their next cut, but in no rush to signal one ahead of the election or the quarterly inflation figures,
We expect the U.S. government to announce some sort of asymmetric reciprocal tariff scheme and 25 per cent tariffs on food and potentially other items like pharma, which might include some exclusions for Canada and Mexico,
We expect roughly a one-month delay in implementation, leaving space for negotiation. We think about a third to a half of the announced measures will not get implemented - at least, not for an extended period,
Europe has not started this confrontation. We do not necessarily want to retaliate, but if it is necessary, we have a strong plan to retaliate and we will use it,
It is clear that we, as the European Union... will react clearly and decisively to the United States' tariff policy,
I say to the US: Europe's goal remains cooperation. But if the US leaves us no choice, as with the tariffs on steel and aluminium, we will respond as a united European Union (EU),
Europe holds a lot of cards, from trade to technology to the size of our market. But this strength is also built on our readiness to take firm counter measures if necessary. All instruments are on the table,
So many Europeans feel utterly disheartened by the announcement from the United States,
Canada is a proud, independent nation, Canada has friends all over the world and especially here in Germany and Europe,