President of Lithuania Gitanas Nauceda expressed the hope that the trade war between the United States and the European Union will be resolved by quick negotiations, the LRT portal said
“I really want to hope that this economic war, if I may call it, ends with quick negotiations aimed at minimizing losses,” Nauceda said.
According to the president of the Baltic country, there are no winners in this “war” whoever starts it.
“This was checked in the world many times in different periods, and always ended with the same result,” he added.
Against the backdrop of the exacerbation of trade disagreements between the USA and the EU, on Tuesday, March 25, in Washington, a meeting of the head of the EU trade mission Marosh Shefchovich with American colleagues – US trade Minister Howard Lutnik and trade representative Jamison Grier.
The reason for the exacerbation of relations was the decisions adopted in early March.
US President Donald Trump announced the introduction of 25 percent duties on the import of steel and aluminum from all countries, including European.
In response to March 12, the EC stated the intention to introduce response tariffs for symbolic American goods, such as Harley-Davidson motorcycles, jeans and bourbon.
However, after the next day, Trump threatened with 200 percent duties for all wine, champagne and alcohol products from France and other EU countries, the European Commission decided to postpone the countermeasures until mid-April.
A meeting in Washington is considered an attempt to prevent a “trade war” between countries.