EU welcomes tariff deal between US and China
Brussels – An agreement between the United States and China on lowering tariffs appears to be a step towards the right direction, a European Commission spokesman said on Monday.
“We do welcome the fact that the US and China have announced that to some extent, at least, they will roll back the imposition of tariffs for 90 days,” he told journalists in Brussels
“From the EU side, we’ve been very clear and consistent from the start that we believe the imposition of tariffs is a retrograde step for global trade and the global economy.”
“We welcome any step that goes the other direction,” the spokesman said.
“Any step that contributes to the good functioning of global supply chains, anything that supports stability and predictability for global trade and investment, of course, provided that the global rules base is fully respected.” (May 12)
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