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US President Donald Trump dismissed the European Union's reported plans to restrict imports of US soybeans and other foods made to different standards, warning that such actions would harm Europe more than the US. Speaking after attending the Daytona 500, Trump reaffirmed the US commitment to imposing reciprocal tariffs.
The Financial Times reported that the European Commission might introduce strict import limits on certain US agricultural products, including pesticide-treated soybeans, to protect EU farmers. Trump responded, stating, "Let them do it. It's just hurting themselves."
A White House official emphasized Trump's dedication to fair trade and support for American farmers, highlighting efforts to open global markets for US goods.
Trade tensions have intensified following Trump's decision to implement 25% tariffs on steel and aluminum from March 12, with reciprocal tariffs starting in April. Additional tariffs on cars, pharmaceuticals, and semiconductor chips are also expected, compounding the economic strain.
European Trade Commissioner Maros Sefcovic will visit Washington on Monday to discuss the new trade policies with US officials. After an initial call with US counterparts last week, Sefcovic is scheduled to speak at the American Enterprise Institute, a think tank aligned with the Republican Party, on Wednesday.
As US-EU trade relations become increasingly strained, the potential restrictions on US food imports signal another battleground in the ongoing trade war, with both sides preparing for economic repercussions. The situation underscores the challenges in balancing domestic agricultural standards with international trade demands.
