Trump seeks more concessions in EU trade deal talks
The European Union said it would expand the suspension of measures against US tariffs until the beginning of August, and that US President Donald Trump will continue to pressure a negotiated agreement because it demands more concessions from trade partners.
On Saturday, Trump said he would apply a 30 percent tariff for imports from the EU and Mexico as of August 1st and will contribute to similar warnings for other countries and leave less than three weeks to break the framework agreements that may reduce the threat ratio.
White House Economic Advisor Kevin Hassett said on Sunday that countries’ trade agreements have not satisfied Trump so far and did not satisfy “tariffs real” without improved.
“The president thinks that agreements should be better,” Hassett said to the US publisher ABC.
“And basically sent these letters to people to put a line in the sand, and we will see how it works.”
27 EU Executive Commission, Chairman of the EU Executive Commission, who manages the trade policy for the member state, said that the block will continue its two -way approach: Continue to talk and prepare retaliation measures.
“We have always been very clear because we prefer a negotiated solution. This is the case, and now we will use the time we have, V Von said at a press conference that the block would extend the block to stand up to August.
Von der leyen’s decision to resist urgent retaliation measures, while points to the desire to avoid the European Commission’s desire to avoid an increasing rise in the trade war, a improved result.
On Sunday, German Chancellor Friedrich Merz said that he was “really stable ve and said that he would work intensively with Von der Leyn and French President Emmanuel Macron for the next two and a half weeks.
Asked about the effects of 30 percent of the US tariff on Germany, Merz said, “If this was, we would have to postpone most of our economic policy efforts, because it would intervene with everything and hit the German export industry in the nucleus.”
The latest Salvo from Trump and the question of how to respond can test the unity of the EU member states, and the France’s economy seems to be getting a harder line than Germany, the industrial power center of Bloc, which has largely focused on exports.
Macron said that the commission needs more than ever to “claim that the union” the determination of European interests decisively “and that retaliation may have to include anti -goat instruments.
German Finance Minister Lars Klingbeil said on Sunday, said that if the talks fail, he should be ready to take a tight action.
“If a fair negotiation solution is not successful, we should take decisive measures to protect the works and companies in Europe,”
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