U.S. Secretary of State Marco Rubio
(Note: There seems to be an error as Marco Rubio has never been the U.S. Secretary of State; he served as a Senator from Florida.)
made a fresh trade threat
To America’s partners globally on Sunday following the declaration of additional news
trade tariffs
, saying, "The situation we currently have cannot go on."
This remark was made when Rubio spoke with CBS' "Face theNation," during which he mentioned that the U.S. might participate in two-way negotiations with nations to create fresh trade deals, despite the significant tariffs imposed by the Trump administration. numerous countries.
President Donald Trump threatened to slap A 200% duty on imported wines, cognacs, and various alcoholic beverages. Starting from Europe on Thursday, a fresh battlefield emerged in an escalating global trade conflict that has intensified over the past few weeks.
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The financial markets have also felt the impact of the tariffs, with numerous analysts concerned about the possibility of an economic downturn due to reciprocal trade penalties. Rubio stated on Sunday that the U.S. will respond against any countries that enforce retaliatory tariffs on America.
During the "Face theNation" conversation, he pointed out that the two-way discussions would commence solely after the tariffs that Trump levied on various countries—including Canada, Mexico, and much of Europe—go into effect.
“This affects everyone globally. It’s not targeted at Canada, nor Mexico, and certainly not the EU. It encompasses all nations,” he stated. “Starting from this fresh foundation of fairness and mutual benefit, we could enter into potential one-on-one talks with various countries worldwide to establish mutually beneficial trade agreements.”
Rubio didn't offer specifics regarding the potential terms of these new agreements; nonetheless, Reuters , however, he mentioned that the U.S. would "reestablish the baseline" to guarantee equitable treatment for itself in the realm of global economics.
"Ideally, we won’t settle for the current state of affairs. Instead, we aim to establish a new normal, after which negotiations could take place should they (the other countries) wish to do so,” he stated. “The situation as it stands simply isn't sustainable.”
EU and Canada hit back at Trump tariffs with scathing remarks
The leaders of the EU and Canada were outspoken in their criticism of Trump's extensive tariffs, stating that these measures harm not just their own economies but also the American economy.
European Union President Ursula von der Leyen stated last Wednesday They harm businesses and are particularly detrimental to consumers,” they vowed to impose reciprocal tariffs against the 25% U.S. steel and aluminum duties, which amount to approximately €26 billion. These measures will particularly affect states led by Republicans.
"Their actions are causing disruptions in supply chains. This introduces unpredictability for the economy. Employment opportunities could be affected. Inflation may rise as prices increase. Neither side wants this, whether within the European Union or the United States," said von der Leyen, also noting that the EU still welcomes discussions with the U.S.
As Canada faced comparable 25% tariffs, the nation’s Minister of Foreign Affairs, Mélanie Joly, responded. issued a scathing statement Regarding America's actions, they said, "If the U.S. can treat us like this, their closest ally, then no one is truly secure."
She subsequently criticized his intentions to turn Canada into the 51st state, saying, “The one consistent element in this unwarranted trade conflict appears to be President Trump’s discussions about incorporating our nation via economic pressure. He referred to our border as an imaginary line and reiterated his dismissive talk of us becoming a 51st state. However, Canadians have firmly conveyed that they won’t retreat and will resist such intimidation.”