EU to suspend retaliation tariff Regarding U.S. goods that will take effect on Monday, we hope to reach a trade agreement with the Trump administration by the end of this month.
“It’s time to negotiate.” Donald Trump A new letter was sent Tariff 30% Commodities from the EU and Mexico begin on August 1.
The EU – the largest trading partner of the United States and the world’s largest trading group – plans to impose “countermeasures” starting from Monday’s Brussels time (EDT; GMT 22:00). The EU negotiates trade deals on behalf of its 27 member states.
Von der Leyen said the countermeasures would be postponed until August 1, while Trump’s letter showed that “we must go until August 1”.
“We have always been clear that we prefer negotiating solutions,” she said. If they cannot reach an agreement, she said, “we will continue to prepare countermeasures so that we can be fully prepared.”
Europe’s largest exports to the United States are medicines, cars, aircraft, chemicals, medical devices, as well as wine and spirits.
Italian Foreign Minister Antonio Tajani went to Washington on Monday to hold talks with the U.S. government and Congress. Tajani’s office said in a statement that during talks with EU allies before the meeting, he stressed the need to “keep negotiations with one’s head”.
Prime Minister Giorgia Meloni’s right-wing administration is the only EU leader to attend Trump’s inauguration, trying to position himself as ” The bridge between Brussels and Washington”.
Trump said his global tariffs would lay the foundation for restoring the U.S. economy that he claimed had been deprived of for decades by other countries. In his letter to the EU, Trump said that the U.S. trade deficit is a national security threat.
White House National Economic Commission Director Kevin Hassett said in ABC News Sunday that Trump was not satisfied with some of the deals in the trade draft.
“The most important thing is that he saw some sketches of deals that were negotiated with Howard Lutnick and other trade teams, and the president thought the deal needed to get better and basically put a line in the sand, and he sent those letters to people. We’ll see how it works.”
US Trade Partners – Companies from around the world French winemaker For German automakers, the uncertainty and immediate threats of Trump’s tariffs on Trump, the deadlines are sometimes extended or changed. Tariffs may have an impact on almost every aspect of the global economy.
According to the EU Statistics Office Eurostat, the value of EU goods and services trade is 1.7 trillion euros (USD 2 trillion) in 2024, with an average of 4.6 billion euros per day.
Trade ministers of EU countries plan to meet on Monday to discuss trade relations with the United States and China.
Speaking with Indonesian President Prabowo Subianto, Von der Leyen said trade tensions with the United States showed “diversifying our trade relations.” Announced closer cooperation between the EU and Indonesia, she highlighted the need for a “predictable” trade partnership. ”
“I think the United States will always be a very important leader in the world,” the Indonesian leader said, but also emphasized the need for multilateral relations, adding: “We want to see a very strong Europe.”
