EU to Extend Suspension of Countermeasures to Allow for US Talks

The European Commission Chief Ursula von der leyen said that after the European Union threatened Donald Trump’s 30% tariff ratio against the block, it would prolong the suspension of trade measures against the United States to allow more negotiations.

These counter -measures, which the block adopted in response to the tariffs brought by Trump on steel and aluminum, were paused to allow negotiations and withdrawn Tuesday at midnight.

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“At the same time, we will continue to prepare more counter measures to be completely prepared,

The current counter -measures list reaches US goods about € 21 billion, while the EU is ready for about 72 billion €.

Von der leyen also said the EU’s Anti-Coercion instrument, Bloc’s most powerful trade tool, will not be used at this point. “The pain was created for extraordinary situations,” he said. We’re not there yet.

Trump sends letters to trade partners, changes the proposed tariff levels as of April and invites them to more negotiations. In a letter published on Saturday, the US President warned that if better conditions cannot be negotiated, the EU will face 30% next month.

The EU had tried to make a temporary agreement with the US to eliminate higher tariffs, but Trump’s letter pierced the last optimism in Brussels about expectations for an 11 -hour agreement between major economies. Bloc’s ambassadors are planned to gather on Sunday to discuss the trade situation.

An extension of suspension of counter -measures will have to be approved by the member states.

While Bloomberg was working towards a temporary trade agreement in the coming days, the European Union and the US emerged as basic adhesion points.

The EU is looking for a tariff that is not higher than 10% in agricultural exports. An offset mechanism, in which some automobile manufacturers pushed as a way to provide tariff assistance to companies in exchange for investments, is not considered because it can change production throughout the Atlantic due to concerns from the EU.

Bloc’s negotiators focus on car tariffs, according to people who know the subject of anonymity to discuss special negotiations.

With the help of Jorge Valero and Alberto Nardelli.

This article was created from an automatic news agency feeding without changing the text.