Europe talks don’t rule out rejecting new US trade deal
The leaders of the European Union discussed the proposals of a new trade agreement that the tariff negotiations may fail with the Chairman of the Commission Ursula von Der Leyen and that “all options remain on the table”.
A respite from higher tariffs threatened by US President Donald Trump is running out of time to find a common position before a breath of higher tariffs that could attract from cars to pharmaceuticals on July 9th.
The EU’s largest economies were apparently contradictory at the Brussels Summit.
The German Chancellor Friedrich Merz called on the EU to make a “fast and simple” trade agreement rather than a “slow and complex”.
However, in a separate briefing, French President Emmanuel Macron said that his country would not accept non -balanced conditions while he also wanted a fast and pragmatic trade agreement.
He said that all vehicles should be used to provide a fair agreement and if the US’s basic rate remains in place, Europe’s response should have an equivalent effect.
Imiz Our honor should not be seen as a weakness, Mac Macron added.
Von Der Leyen said the EU had received the latest US document for more negotiation on Thursday and that the block was still evaluated.
“We are ready for an agreement. At the same time, we are preparing to not reach a satisfactory agreement,” he said. “In short, all options remain on the table.”
Block, steel and aluminum 50 percent, 25 percent for cars and car parts, Trump threatened by a 10 percent tariff in other EU goods threatened to 50 percent without an agreement is subject to US import tariffs.
The European Union has accepted tariffs for 21 billion euros for US goods, but not implemented and discussing another tariff package in US imports up to 95 billion euros.
EU re -balancing options include Digital Advertising Tax, which will hit Alphabet Inc’s giants such as Google, Meta, Apple, X and Microsoft, and the US will enter the surplus trade with the EU.
EU leaders also discussed ideas to reveal a new form of trade cooperation with Asia-Pacific countries, including Australia.
Merz said it was in the first stages of the idea, but that the DTO may include mechanisms to solve disputes as it should be done.
“You all know that the WTO no longer works,” he said.
This week, the EU Summit, which has accepted to greatly increase defense expenditures at the military alliance, found it difficult to pay some European countries and clearly disabled Spain.
The EU bloc also has to fight a number of other problems, including the support it has given to Ukraine and a country that is still fighting against nuclear armed Russia, the possibility of EU membership. Against Hungary.
Ukrainian President Volodymyr Zelenskiy called on Russia to cross a new sanction package targeting oil trade and banks to Russia and to give a signal open to the EU participation of its country.
However, before the start of the summit, Slovakia’s prime minister Robert Fico said his country would vote for sanctions until his concerns about gas resources were discussed.
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