EU Commission President Ursula von der Leyen criticized former President Donald Trump’s tariff policies at the Munich Security Conference asserting that trade wars are counterproductive.
Von der Leyen argued that imposing tariffs does not solve economic disputes but rather escalates tensions between nations. Her comments reflect ongoing frictions between the EU and the US over trade policies.
The EU chief highlighted how these tariffs could harm global economic stability and impact the livelihoods of millions by increasing costs and disrupting supply chains.
Trump’s approach during his presidency was to use tariffs as leverage in negotiations often leading to retaliatory measures from trade partners including the EU. This strategy stirred considerable debate and economic uncertainty.
At the conference von der Leyen advocated for dialogue and cooperation over protectionism stating that a collaborative approach would benefit all parties involved in international trade.
Her remarks come at a time when global trade relationships are at a crossroads with many nations reevaluating their trade strategies amid economic recovery efforts post-COVID-19.
The critique of Trump’s policies is not isolated with several leaders expressing similar concerns about the long-term effects of a tariff-heavy trade agenda.
Von der Leyen’s stance at the Munich Security Conference underscores the EU’s commitment to a rules-based international trading system which she believes is essential for global prosperity and peace.
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