THE TELEGRAPH: The EU is considering seeking closer ties to Gulf countries as it responds to Donald Trump’s new global tariff war, according to the bloc’s trade chief.
Maroš Šefčovič told the European Parliament that it was unfortunate that the US administration had decided to impose 25pc tariffs on all steel and aluminium imports.
He called the tariffs a “lose-lose scenario” but said the EU was prepared to face up to any challenges in this “new era” of global trade.
This included the possibility of closer trade ties with Gulf countries, Reuters reported.
The Persian Gulf countries include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. » | Chris Price | Tuesday, February 11, 2025
