EU leaders split over tactics as deadline looms for Trump trade talks | International trade

The EU remained in two -day talks to prevent Donald Trump’s 50% tariff threatening a 50% tariff in the US imports.

According to the US Treasury Secretary Scott Bessent, on Friday, the ongoing negotiations focus on important partners with important partners, while Trump warned up to 70% import tax rates for others.

The uncertainty created by Washington sent shock waves through the global economy. Businesses paused the investment and the dollar has published its worst performance in the first half of the year within 50 years.

The clock is not sure how Trump will cure the block of the European Commission, and threatens a € 1.6 million transatlantic trade.

“We will have to reach an agreement at all costs to avoid a trade war, or if the agreement is not good enough,” an EU diplomat said.

The German Chancellor says he wants a rapid deal of a rapid agreement to prevent a full -scale trade war, while the French President Emmanuel Macron prefers to make a better agreement, while a rush agreement is “unstable”.

Brussels Trade Commissioner Maroš šefčič was threatened with 17% tariffs in food imports with the senior members of the Trump administration last week, to give a taste of aggression, which was once called “more nastier than China öncelikle.

On April 2, Trump paused after 90 days a week after the announcement of punishing “Liberation Day” tariffs in almost all countries.

The United States is currently on the verge of launching a trade attack on dozens of countries, as it ends with only two agreements in the bag on Wednesday with only two agreements.

This revealed questions about the EU’s ability to do anything other than a political framework agreement to extend negotiations.

As negotiations go into the final and most sensitive stage, industries in Europe prepare themselves for new challenges, agreements or agreements. They expect that the cost of Trump’s presidency will be at least 10% in exports to the United States and five times higher than 2% before the election last year.

The reason for this is that after months of retaliation tariffs that lasted for months from Bourbon to Boeing planes, the EU admitted that a comprehensive trade agreement was unreachable last week.

Instead, in principle, they aim to a “framework agreement olan that will be more similar to the British agreement in May, which entered into force at the end of last month.

Many EU diplomats rejected the UK agreement as a subtle and legally suspicious within the scope of the World Trade Organization rules, and hoped that Bloc would help Britain to provide a better economic influence with the transatlantic trade of € 1.6 million in compared to £ 314 billion (€ 363 billion). But now they realize that the naked bone agreement can be the best they can.