Reuters<\/a><\/p>\nThe U.S. Secretary of Commerce Howard Lutnik stated that Europe\u2019s response to tariffs imposed by the United States will cause \u201ctariff escalation\u201d, but in the end everything will be resolved at the negotiating table.<\/p>\n
According to Ukrinform, Reuters reports this stance.<\/p>\n
Lutnik warned European countries that any response to American tariffs would trigger an escalation in trade between the United States and EU member states.<\/p>\n
tariff escalation<\/p>\n
\u2013 Howard Lutnik<\/p>\n
A look at the developments and the next steps<\/p>\n
Lutnik added that similar threats had been voiced before when President Trump first imposed tariffs on goods from the EU, but both sides eventually reached a new trade agreement.<\/p>\n
He predicts a similar outcome this time as well: <\/p>\n
If we have a dispute, so be it. But we know how this will end. It will end sensibly<\/p>\n
\u2013 Howard Lutnik<\/p>\n
As Ukrinform reported, U.S. Secretary of the Treasury Scott Bessent urged European countries not to fan the Greenland situation, but to heed President Donald Trump.<\/p>\n
The dispute with Europe will end \u201cin a sensible way\u201d \u2013 U.S. Secretary of Commerce<\/p>\n
Other news you may find interesting:<\/p>\n","protected":false},"excerpt":{"rendered":"As Reuters reports Reuters The U.S. Secretary of Commerce Howard Lutnik stated that Europe\u2019s response to tariffs imposed…\n","protected":false},"author":2,"featured_media":243258,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,142687,142688,111,43,139,69,142689,142690,6837,142686,142691],"class_list":["post-243257","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-european-response","tag-howard-lutnik","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-trade-escalation","tag-trade-negotiations","tag-us-tariffs","tag-us-tariffs-european-response-trade-escalation-howard-lutnik-us-eu-trade-trade-negotiations","tag-us-eu-trade"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/243257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=243257"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/243257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/243258"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=243257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=243257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=243257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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