BRUSSELS: Europe will consider all retaliatory options if Donald Trump follows through on his threat to raise tariffs on EU cars and trucks to 25%, finance ministers said, while stressing a preference to preserve an existing US-EU trade deal.

“Our path is clear – we don’t want escalation, we want a joint solution with the Americans,” said Lars Klingbeil, who also serves as vice-chancellor. “However, we would be prepared if escalation occurs.”
The dispute adds to tensions over a long-delayed transatlantic trade pact. The two sides reached an initial agreement last July, but EU lawmakers have yet to ratify it as they seek amendments. Trump said Friday the bloc had failed to fully comply with the deal.

EU officials, speaking ahead of a meeting of euro-area finance ministers in Brussels, rejected that claim, saying the bloc is following its legislative process and remains committed to adopting the agreement.

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“Any other option is on the table if needed,” said Roland Lescure. “But we want to focus on implementing the deal we signed.”
Several ministers cautioned against overreacting to individual US threats, warning that it could further strain transatlantic ties.Also Read: RIndian seafarers safe in Hormuz attack on Liberian-flagged MV Barakah: Official

“It’s very important to keep a cool head,” said Eelco Heinen, stressing the importance of the US-EU trade relationship – a view echoed by Belgium’s Vincent Van Peteghem.