The EU Is Delaying Retaliatory Tariffs On U.S. Goods In Hopes Of Reaching A Deal By Aug. 1
PARIS (AP) – European Union to suspend retaliation tariffs US goods were planned to enter into force on Monday, hoping to reach a trade agreement with the Trump administration by the end of the month.
″ This is the time for negotiations now, ″ The European Commission President Ursula von Der Luyen told journalists in Brussels on Sunday after the President Donald Trump Sent a new letter 30 % tariffs About the goods from the EU and Mexico since August 1st.
EU – America’s largest trade partner and the largest trade block in the world – on Monday, starting from the Brussels time (18:00 EDT; 22:00 GMT) on Monday, ″ counter measures were planned to impose ″. The EU negotiates trade agreements on behalf of 27 member states.
Von Der Leyen said these counter measures will be postponed until August 1, and Trump’s letter showed that we had to negotiate until the first August.
Europe’s largest export to the United States is pharmaceuticals, cars, aircraft, chemicals, medical devices and wine and alcoholic drinks.
″ We were always clear that we preferred a solution that has always been negotiated, ”he said.
Italian Premier Giorgia Meloni He said that on Sunday, a trade war will weaken all of us in the face of the global challenges we face together ”and Italy will actively work for a fair agreement. “Europe has the economic and financial power to file a lawsuit for a fair and discreet agreement.” He said.
Italian Foreign Minister Antonio Tajani was going to Washington to meet with the US administration and congress on Monday. The right -wing government of Meloni, the only EU leader who participated in the opening of Trump, said itself. Bridge between Brussels and Washington “.
Trump said that global tariffs would form a basis for reviving a US economy, which he claimed to have been dismantled by other nations for decades. Trump said in a letter to the EU, the US trade deficit is a national security threat.
White House National Economy Council Director Kevin Hassett said in ABC News Sunday, Trump is not satisfied with some of the draft agreements on trade.
“As a result, he saw some agreements that were negotiated with the rest of the Howard Lutnick and the trade team, and the president sent these letters to the nation to be better and basically put a line in the sand. And we will see how it works.”
US Trade Partners – including companies including companies French wine manufacturers For German automobile manufacturers-to impose tariffs from Trump, the uncertainty and open and closure threats that lasted for months, and the deadline dates were sometimes extended or changed. Tariffs may have results for almost every aspect of the global economy.
According to the EU Statistical Agency Eurostat, the value of EU-US trade goods and service trade was 1.7 trillion euros ($ 2 trillion) or an average of 4.6 billion euros per day.
Trade ministers from EU countries are planned to gather on Monday to discuss trade relations with China as well as with the US. EU Weighing Closer ties with China As a result of Trump’s threatening tariffs.
Speaking with the President of Indonesian President Prabowo Subuanto, Von Der Leyen said that trade tensions with the United States show the importance of diversification of our trade relations’.
Indonesian leader, ” I think the United States will always be a very important leader in the world, ‘but stressed the need for multilateral relations,’ ‘he added,’ ‘We want to see a very strong Europe. ″
Nicole Winfield, Associated Press writer in Rome, contributed to this report.
