European Union will focus on global trade beyond the US

Source: Associated Press

Live updates: Dow drops 1,200 and global markets tumble as worries deepen about Trump’s trade war

Updated 9:43 AM EDT, April 7, 2025

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2 min ago
European Union will focus on global trade beyond the US
By LORNE COOK

European Commission President Ursula von der Leyen says the European Union is looking to do more business elsewhere in the world as President Trump’s tariffs hit international trade.

She said Monday that the EU is also is setting up a taskforce to monitor any dumping on its markets that might happen as trade patterns change.

“We will focus like a laser beam on the 83% of global trade that is beyond the United States. Vast opportunities,” von der Leyen said. After deals already done with Mexico and Switzerland, she said, “we’re working on India, Thailand, Malaysia, Indonesia and many others.”

Von der Leyen says the taskforce will help to monitor any unexpected surges in imports and “protect ourselves against indirect effects through trade diversion.”

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