In recent days, negotiations between the European Union and the United States were intensified when he was looking after the deadline marked on July 9 for a tariff truce. In the same week, the White House announced the extension until August 1, which would give some margin to both leaders to achieve a solution that avoids the escalation of taxes on imports on the other side of the Atlantic. However, Brussels wants to get to a decision as soon as uncertainty decreases.
“The United States postponed the deadline until August 1, and this gives us a little more time, But for our part, we continue to concentrate, intensive negotiations were held on the agreement, ”the meeting of the Economics and Finance Ministers (Ecofin) of the Commissioner for Economics Valdis Dombrovskis said.
Latvian politician demonstrated the determination of Brussels “To achieve a agreed decision with the United States And avoid more escalation of commercial tension. “The goal with which the teams of the European Commission worked in recent weeks to avoid the introduction of tariffs on both sides from July 9, the period when they repeat from Brussels in order to avoid pressure tension longer.
“Progress has been achieved, and political and technical negotiations continue. The sooner we reach the agreement, the better This will eliminate uncertainty “Dombrovsky said, saying that Brussels reached an agreement as soon as it gives reliability to the markets.
The negotiators of the head of the community continue to work with their American colleagues in order to reach an agreement that avoids the escalation of the tariff between the fact that is the main commercial block in the world. If measures were used, both would have suffered from the economy. Trade Commissioner Maros Sefkovich called on Tuesday “Be prepared for all the results and are ready to renew, if necessary”
The audit title is no less, but based on history. Despite the extension of the truce until the beginning of August, declared by the American leader, Donald Trump, Japan and South Korea were already the subject of Washington’s taxes, from 25% of bets on his import. And by the way, I sent them a warning: there are no repression to this tariff, or another 25% will be added.
What the EU is looking for is an agreement that is more like the United Kingdom and the United States. It will be ideal for Brussels that 10% of the tariff will be attached to all imports that would pave the way to exclude various levels The expected encumbrances on various products of key sectors in Europe.
A priori, the expectation is low, and it is expected that it is not reached more than a minimum agreement. From Brussels, they believe that in addition to resolving the rest of the month, nothing eliminates that negotiators can continue to work in a more favorable agreement. Trump, meanwhile, clarified his conditions: There will no longer be lengthening the tariff truce outside of August 1.
On July 9, he finished the Washington tariff pause. It was a deadline, after which he promised to overestimate the tariffs that he announced a week after a week. In the case of the EU, it will be a 50% tax on European imports and aluminum imports, 25% of the betting bets And one of the 20% for all EU products that were declared on the day of liberation.
