EU calls for calm response to US tariffs impact

Slovenia, a member of the European Union, has been actively addressing the implications of recent American tariffs imposed by President Donald Trump. On April 7, 2025, during a meeting of EU trade ministers in Luxembourg, the State Secretary at the Slovenian Ministry of Economic Affairs, Dejan Židan, articulated the need for a measured and thoughtful approach to the US tariffs, advocating for negotiation and trade diversification. He praised the European Commission's efforts to coordinate a unified EU response, emphasizing the importance of sobriety and prudence in addressing the situation in a complex global trade environment. Further emphasizing Slovenia's position, the Slovenian Finance Minister, Klemen Boštjančič, expressed his hope for unity among EU member states and cautioned against hasty reactions to the changing tariff landscape. Boštjančič pointed out that while the US has signaled a temporary halt to tariff increases, ongoing discussions are necessary to maintain a solid and cohesive EU stance. He criticized the current US trade approach, likening it to outdated practices rather than the 21st-century globalized economy we inhabit today. His remarks reflect a growing concern among European leaders about American policy shifts and their potential effects on international trade dynamics. The discussions between Slovenian officials further reinforce Slovenia's substantial trade surplus with the US, having achieved exports exceeding one billion euros since 2022, primarily consisting of pharmaceutical products. This creates a unique scenario for Slovenia, as additional tariffs currently do not impact a significant portion of its exports. Nevertheless, the Slovenian ministers recognize the broader implications of US tariffs on the EU market and propose strategic counteractions to preserve trade relations with other partners, including China, which was highlighted as an essential strategic ally in recent trade talks. In summary, the Slovenian government is promoting a coordinated response among EU members to efficiently tackle the challenges presented by American tariffs. By emphasizing diplomacy and prolonged negotiations, Slovenia aims to navigate the tensions while protecting its economic interests and advocating for a stable and rule-based global trading system.