EU trade chief heads to US in bid for tariffs solution
In his statement to an EU spokesman Reuters, Maros Sefcovic, Chief of European Union Commerce, goes to Washington DC for tariff talks.
President Donald Trump will end the normal trade between the two of the two largest markets in the world, in a 30 percent threat of tariff for imports from the EU since August 1st.
On Wednesday, the world’s largest computer chip equipment supplier, the uncertainty in the tariff negotiations encouraged the US chipsets to delay finalization of investments and blur throughout the year.
Stocks sank 7.3 percent in early transactions.
“Trump’s tariffs have only loser,” he said, “Trump’s tariffs,” he said, and said that the tariffs threatened the US economy at least as much as European countries.
The European Commission, which controls the trade for the EU, has been prepared to target US goods worth 72 billion euros (A128.6 billion) to cars from Boeing aircraft and bourbon whiskey for possible tariffs if trade with the US.
Klingbeil, French counterpart Eric Lombard next to a press conference, “Our hand is extended, but we will not go with everything, possible measures should continue to prepare,” he said.
The list of possible counter -measures sent to the EU member states on Tuesday took action to increase the pressure on Trump’s 27 -member block on the weekend, and was a response to the US’s tasks on cars and car parts and the 10 percent base line tariff.
The package also includes chemicals, medical devices, electrical and sensitive equipment, as well as agricultural and food products – wine, beer and alcoholic alcohols worth 6.35 billion euros and various fruits and vegetables.
The shares of Germany automobile manufacturers, including Germany’s Volkswagen, were lower after Renault’s warning on Tuesday late Tuesday, which created concerns about the health of the automobile industry while fighting 25 percent of US import tariffs.
The chairman of the business lobby of Italy’s business lobby said on Wednesday that the EU’s only acceptable tariff in EU exports would be zero.
“The main issue is that we don’t have to think about the burden of tariffs so far.
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