00:00Europe said it is prepared to act after US President Donald Trump threatened to raise tariffs to 25% on
00:07cars and trucks imported from the European Union, or EU.
00:11Last Friday, Trump accused the EU for not honouring a bilateral trade agreement reached last year, and one of higher
00:19duties on vehicles shipped to the United States.
00:23Eurogroup President Kyriakos Pirakakis said dialogue remains the bloc's first choice and that Europe values the transatlantic relationship.
00:32However, he stressed that all options would be considered if commitments are breached.
00:37On the same day, German Vice-Chancellor and Finance Minister Lars Klingbeil urged Trump to honour the tariff agreement reached
00:45with the EU last summer.
00:46Warning that if Trump raises tariffs on cars from the EU, the bloc will take countermeasures.
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