The EU and the USA hoped to achieve some kind of commercial agreement until the deadline on July 9, a date when three months of extending until the end of “Tariffs for Letters” and, in which 50% 50% for European exports will enter into force if Donald Trump fulfills his threat made last month. The President of the European Commission Ursula von der Lein told the EU leaders at a summit on Thursday, that on Thursday, that trusted that the agreement could be reached until the deadline to avoid escalationAccording to Bloomberg.
Von der Lane said that the Trump administration submitted a new proposal this week. According to the sources of the agency, This agreement will be something unbalanced in favor of the United States, but the heads of the EU government would give their approval To conditions to avoid a complete break. Despite this, for Brussels the best possible scenario for negotiations remains a fundamental agreement, which allows conversations to continue the limits of July.
US Minister of Commerce Howard Lutnik repeated these comments in an interview with Bloomberg TV, in which he said that the EU accelerated the negotiation rhythm in recent weeks, laid the foundations for the agreement. “Europe has done excellent work; They work hard, ”said Lutnik. “I am optimistic; I think that now we can reach an agreement. ”
Lutnik added that it makes sense that the agreement with the EU was reached at the end of the process, since the block is the largest business partner and, thus, both maintain a deep and complex relationship.
There are several problems on the table. The first is a “universal tariff” in the amount of 10%, which is still being used at the moment and is appealed to the courts. The second is the threat of a particular tariff of 20% (as he said in April) or 50%, as Trump threatened in May. And finally, 25% and another 50% to steel and aluminum for cars. In addition, the United States supports the table with the possibility of expanding tariffs for other sectors, such as pharmacist, semiconductors and commercial aircraft.
The US President often criticized the EU – which, according to him, was created to “annoy” the United States – for its commercial excess and barriers, which, in their opinion, are imposed by the US trade. EU evaluates that American tariffs currently affect 380,000 million euros, or about 70% of their exports to the United States.
The EU approved tariffs for 21,000 million euros in American products that can be quickly sold if there is no agreement. These tariffs are mainly affected by the republican states to “punish” Trump voters. The block also prepared An additional list of products for products in the amount of 95,000 million. Euro in response to bets on Trump cars. These tariffs will be applied to industrial products, such as Boeing aircraft, cars manufactured in the USA and Bourbon.
The EU also consults with member states to determine strategic areas in which the United States depends on the bloc, as well as possible measures that go beyond tariffs. “We are ready to reach an agreement, but at the same time we are preparing for the possibility that a satisfactory agreement has not been reached,” said von der Lew journalists after the summit on Thursday. “In short, all options are still on the table“
