The EU Commission is receiving support from Danish business to take a tougher stance against Trump's tariffs on European goods. On Thursday, the EU Commission presented the draft of a new list of US goods worth a total of 95 billion euros that could be hit by European tariffs if an agreement is not reached.
At the same time, the EU Commission will open a case against the US at the World Trade Organization, WTO. This is the right way to go, believes the Confederation of Danish Industry (DI).
- We would obviously prefer that the EU and the US negotiate a solution to the situation, but it is absolutely crucial that such a solution leads to the US removing all its punitive tariffs against the EU. To put pressure on the Americans, it is important to send the signal that the EU can and will respond to Trump's punitive tariffs, says Senior Chief Consultant at DI Global Trade & Investments, Peter Bay Kirkegaard.
The Danish government has previously expressed its support for the EU Commission's handling of the tariff dispute with Trump on behalf of the EU countries.
DI also gives its preliminary support to the EU Commission's new list. The list of American goods that may be subject to EU tariffs is, however, open for consultation until June 10.
- Together with our member companies, we will look at whether there are areas where it will disproportionately harm us, says Peter Bay Kirkegaard.
Both DI and the Danish Confederation of Industry support the EU Commission's decision to open a case against the USA at the WTO.
- The fact that the EU is bringing a case at the WTO about the USA's tariffs shows that the EU wants to send a signal that it still places importance on the international institutions and rules that regulate world trade and global trade policy. We at the Danish Confederation of Industry can only support this. There is a need for proper, predictable trade relations and an international legal order that companies can navigate according to, says Michael Bremerskov Jensen, Head of Global Market Development at the Danish Confederation of Industry.
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