The tariff truce agreed between the United States and the EU, which ended in this Wednesday, July 9, was extended until August 1 at the request of the Trump administration. The American leader warned: there will be no more extensions, and warned their commercial partners who will receive a letter with the tariffs “in a matter of days”. Brussels in any case is clear that the tariff rise was avoided. It is required to have a tribute to get rid of one of the followers of the White House and expects that the agreement will be closed in Washington “soon”.
“We have achieved success in the text of a joint declaration or principles and principles and I hope we can finish the work in the near future “, The commissar of trade Maros Sefkovich indicated in the appearance before the plenary meeting of the European parliament. Slovatsky paves the way to relations with the United States, in which the fertilization of the tariff is avoided, in the script in which negotiations “prevented” the imposition of encumbrances.
The agreement, which is sealed, is expected that initially minimally, given the remote positions between the two leaders on the imbalance of the trade balance, “This is the beginning of a new principle,” – The commissar of trade said the “fundamental framework to open the path to a complete commercial agreement with the United States.”
“Let me clarify: although we are still committed to achieving a satisfactory agreement, we must Recognize that there will still be a certain degree of renewal “They provided the head of the negotiation community before he believes that this may be an agreement that does not fully comply with the expectations of the community.
Negotiations with the United States entails a specific and unique complexity. This is what is part of the largest commercial block in the world. These conversations are “unique”, “no that look like that,” said Slovak. And he said that “in this delicate situation of negotiations, I prefer a good result than a firm holder or a tough statement,” he emphasized, because “This will be influenced by jobs. “
Slovatsky explained that Brussels “supports its red lines” and that “the commission will continue to protect the regulatory autonomy that it possesses.” Moreover, “In a joint declaration, nothing can affect this regulatory autonomy.” Sefkovich influenced leaks that indicated that the White House was required to reduce the regulatory standards that the EU applies to American technological companies on public grounds, in accordance with the legislation on digital services and digital markets (DSA and DMA, respectively for their effort in English).
“I spend a lot of time talking with the presidents of industries, who have a greater impact on transatlantic relations. 99% asks for a agreed decision. They have been for decades, as relations in the transatlantic chain and do not want to die in Crossfire, ”said the commerce commission. That is why his intention is to invest in complete negotiations: “I will reach the end,” he said.
The tariff truce between the USA and the EU won this Wednesday, however, Trump announced at the beginning of the week that it lengthen the deadline to apply tariffs until August 1. However, Brussels pretends that there is no need to achieve until the end of this period. There is also a threat of a Republican of Letters with tariffs on the table “In a couple of days”Profiles of a manual that refers to several countries of the world, but of which, in principle, it seems that the EU can be fighted.
“The most important thing is that while other countries are faced with tariff, increasing from the USA as a result of letters sent by President Trump on Monday, NNegotiations did not allow the EU, exposed to higher tariffs“Sefkovich said.
