EU and US to Hold Trade Call Friday Amid Differences on Tariffs
- US President Donald Trump announced a plan to impose 50% tariffs on European Union imports starting June 1, 2025.
- Trump issued this tariff proposal amid broader fiscal concerns, including a new tax bill expected to increase the US debt by $3.8 trillion over ten years.
- The tax bill includes cuts, higher defense and immigration spending, while Moody’s downgraded US credit citing unmet fiscal deficit challenges.
- Trump announced plans to impose a flat 50% tariff on imports from the European Union, exempting products that are made in the United States.
- These tariffs aim to support US producers and the economy but could raise prices and risk triggering retaliatory trade measures.
11 Articles
11 Articles
EU Rejects Trump’s Threats and Responds that He Will Defend His Interests
The message has been resounding. “I have spoken with Jamieson Greer and Howard Lutnick. The EU is fully committed to an agreement that benefits both sides. The European Commission remains ready to work in good faith. Trade between the EU and the US is unique and must be guided by mutual respect, not by threats. We are ready to defend our interests.” This is the summary published on Friday by European Trade Commissioner Maros Sefcovic , of a tele…
EU-US Intensive Negotiations to Avoid the Trade War. Recent Proposals for the Trup Administration. Ukraine's Warning
European Trade Commissioner Maros Sefcovic will have a telephone conversation tomorrow with US trade representative Jamieson Greer, while the two parties are looking for a negotiating basis to avoid a transatlantic trade war, a...
EU Calls for "Mutual Respect" From the US and Rejects Trump's "Threats"
Maros Sefcovic, Commissioner for Trade and Economic Security, spoke this Friday afternoon with his American counterparts, Jamieson Greer, Trade Representative, and Howard Lutnick, Trade Secretary, after Donald Trump, President of the United States, threatened to break the 90-day general tariff truce against the European Union by 20% and increase it to 50%, ensuring that negotiations between the European Commission and Washington were not moving …
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