On July 9, Trump’s period in a customs dispute with numerous trading partners, including the EU. Interested states are currently trying to conclude agreements with the United States in order to prevent higher tariffs. US officials made it clear that several trade agreements can be announced in the coming days.
Trump caused disputes with trading partners around the world his customs policy. The US President introduced high additional tariffs against numerous states in early April, but then shortly after that he reduced it to ten percent. For example, for certain products, such as cars from EU cars, it currently increases by 25 percent, for example, by 50 percent for steel and aluminum products.
The EU threatened Trump using customs fees in the amount of 50 percent, if he does not agree with the United States until July 9, but also indicates the possibility of extending the deadline. 50 – Processive inch will be five times higher than a reliable ten percent – this basic customs set, introduced by Trump for most goods, is also much higher than in the previous customs level.
“Purpose: ambitious transatlantic trading agreement”
For the EU, the Trade Commissioner Maros Sefkovich returned from negotiations in Washington. “The completion of the productive working week in Washington, the District of Colombia,” wrote Sefkovich on Friday evening in the online service of X. It was good to meet with the American trading officer Jamison Greek, the Minister of Trade of Howard Lutnik and the Minister of Finance Scott Besser, he added and published a photograph of himself and the GRIR.
Now he was returning to Brussels, the work continues, continued the EU trading commissioner. “Our goal is unchanged: a good and ambitious transatlantic trading agreement.”
Before visiting Washington, he stated that the drafts were already available for the basic agreement. But there is still “a lot for discussion”, SEFCOVIC emphasized in Brussels on Monday. It was expected that both parties could initially conclude a fundamental agreement, on the basis of which it would then be discussed at separate customs sets.
An indefinite location is bothering stock exchanges. DAX began trade on Friday with losses. The German index brought 0.4 percent to 23,836 points. According to Thomas Altman from the QC Partners Assets manager, if not a few transactions at the last minute have not yet been completed, many states must be subjected to higher tariffs. “And now there are also EU countries -an export German economy, especially the German export economy.”
