(Adds Irish foreign minister, Hamburg Commercial Bank quotes)
July 12 (Reuters) - Goods imported from both the
European Union and Mexico will face a 30% U.S. tariff rate
starting August 1, U.S. President Donald Trump said in letters
posted to his social media platform on Saturday.
Following are reactions to the announcement:
URSULA VON DER LEYEN, PRESIDENT OF THE EUROPEAN COMMISSION
"Imposing 30 percent tariffs on EU exports would disrupt
essential transatlantic supply chains, to the detriment of
businesses, consumers and patients on both sides of the
Atlantic.
"The EU has consistently prioritized a negotiated solution
with the U.S., reflecting our commitment to dialogue, stability,
and a constructive transatlantic partnership.
"We remain ready to continue working towards an agreement by
August 1. At the same time, we will take all necessary steps to
safeguard EU interests, including the adoption of proportionate
countermeasures if required."
ITALIAN PRIME MINISTER GIORGIA MELONI'S OFFICE IN STATEMENT
"We trust in the goodwill of all players in the field in
order to reach a fair agreement that can strengthen the West as
a whole, given that - particularly in the current scenario - it
would make no sense to trigger a trade clash between the two
sides of the Atlantic.
"It is now crucial to remain focused on the negotiations,
avoiding polarisations that would make reaching an agreement
more complex."
DUTCH PRIME MINISTER DICK SCHOOF
"The US announcement of 30% tariffs on goods imported from
the European Union is concerning and not the way forward. The
European Commission can count on our full support. As the EU we
must remain united and resolute in pursuing an outcome with the
United States that is mutually beneficial."
IRISH FOREIGN AFFAIRS AND TRADE MINISTER SIMON HARRIS
"There is no necessity to escalate the situation or to
further increase the additional tariffs which have been imposed
on the EU.
"The EU will remain united and focused as negotiations
continue between now and 1 August."
WOLFGANG NIEDERMARK, SENIOR OFFICIAL IN GERMAN INDUSTRIAL
LOBBY BDI, IN STATEMENT
"President Trump's announcement is an alarm signal for
industry on both sides of the Atlantic. A trade conflict between
two economic areas as closely intertwined as the EU and the U.S.
is damaging to economic recovery, innovative strength and
ultimately trust in international cooperation.
"Tariffs as a means of exerting political pressure lead to
higher costs, jeopardize jobs and undermine international
competitiveness, both in Europe and in the U.S.
"BDI is calling on the German government, the European
Commission and the U.S. administration to find solutions very
quickly in an objective dialogue and to avoid an escalation."
DAN O'BRIEN, CHIEF ECONOMIST, INSTITUTE OF INTERNATIONAL AND
EUROPEAN AFFAIRS, IN POST ON X
"A 30% tariff on EU goods going to US would have a
significant trade destruction effect. The threat to meet any EU
tariff retaliation with a further and equal percentage point
increase in the US tariff highly provocative. Chances of wider
EU-US economic conflict have risen."
CYRUS DE LA RUBIA, CHIEF ECONOMIST, HAMBURG COMMERCIAL BANK
"For the EU, this is bad news and means a high burden for
the export industry, as the US is the most important export
destination outside the EU.
"The EU should take a hard line in negotiations, because
model calculations show that tariffs against the EU have a
stronger negative effect in the US than in the eurozone.
"Trump is overlooking the fact that the economic impact in
the form of higher inflation, higher interest rates, and slower
growth will probably only be felt after a certain delay. The One
Big Beautiful Bill is not powerful enough to offset the negative
effects of tariffs."
(Compiled by EMEA Editing Desk)