EU leaders meet to talk to defense, but Trump and his tariffs dive big

The European heads of state and government gather on Monday to debate how great defense investments may be financed – however the recent steps by US President Donald Trump will address the meeting.

At the weekend, Trump confirmed the upcoming tariffs for goods from Mexico, Canada and China because she switched on on Tuesday. European goods have been spared in the meanwhile, but EU officials know that they might be in line next.

The US President was not shy to share his opinions in regards to the Europe's trade practices. In fact, Trump said to reporters overnight: “It will definitely happen with the European Union.”

“I can tell you because you really took advantage of us. And we have a deficit of 300 billion US dollars. I would not say that there is a timeline, but it will be pretty soon,” he added In addition.

In 2023 the United States was the EU's largest export market European statistics officeAlthough the block also imports considerable amounts from the USA

While the EU mainly sells cars and pharmaceutical products to the USA, it mainly imports oil and natural gas from the USA

There is a consensus within the European Union that a approach to mitigate trade voltages with the United States will survive by increasing energy purchases.

An EU official who didn’t need to be named attributable to the sensitive nature of the connection with the United States said that they expected Trump's recent steps to expect the recent steps to be expected to be awaited before the European Union Guide meeting Monday.

“I don't expect a specific discussion about tariffs, but the problem is probably addressed by some leaders,” the official told CNBC Sunday.

In the meantime, the EU has prepared for potential tariffs from the United States and sworn a “firm” answer to latest tasks.

“The European Union regretted the decision of the United States to impose tariffs in Canada, Mexico and China,” a spokesman for the European Commission told CNBC on Sunday.

“The EU is firmly convinced that low tariffs drive growth and economic stability within a strong, regularly-based trading system. However, the EU would react to every trading partner that imposed unfair or arbitrarily tariffs on EU goods,” she added .

And although Trump's recent tasks don’t aim directly on the EU, the officers within the block of their indirect consequences are aware of.

A high -ranking diplomat that didn’t need to be mentioned attributable to the sensitivity of the issue told CNBC that a trade confrontation is approaching with the EU.

“The EU can still negotiate, even by buying more LNG, but it will be very difficult [to avoid an escalation]”The senior diplomat said.