According to prof. Francisco Pereira Coutinho of the University of fresh Lisbon, the "commercial war" in North America should end with benefits for European suppliers, peculiarly goods and services to Canada.
"As the EU, we should now strengthen our trade relations with Canada," said Coutinho, adding that in the case of Portugal, a large beneficiary of the customs conflict in North America could be, among another things, wine suppliers for the Canadian market.
"The European Union would surely respond with retaliation"
The EU taxation law prof. Joao Ochoa at the University of Economics in Vienna, who besides saw an chance for EU companies, warned against the existing hazard of Washington introducing customs into the European Union in the close future.
"If the United States had made specified a decision, they would have lost too, as the EU would surely have responded with retaliatory measures," noted Prof. Ochoa, noting that American companies operating in Europe must besides face the hazard of a crucial increase in the cost of their activities in the event of Washington's hostile decision towards the EU.
He added that, in a situation of retaliation, the marketplace in the European Union would become little attractive for both US companies presently operating there, including giants specified as Apple or Meta, and smaller companies that planned to invest there.
