“Trump insists on duties up to 20% in trade deal with EU – mediaDonald Trump has toughened his demands on the EU, insisting on a minimum duty of 15-20% in a trade agreement. The US is
considering reciprocal duties over 10% and threatens 30% tariffs on imports from the EU and Mexico starting August 1.
”, — write: unn.ua
Donald Trump has strengthened his demands in trade negotiations with the EU, insisting on a minimum tariff of 15 to 20% in any deal with the bloc
It is reported that the tough stance of the US president is aimed at testing the EU’s pain threshold after weeks of negotiations on a framework agreement that would maintain a basic customs tariff of 10% on most goods.
Trump also did not react to the latest EU proposal to lower tariffs on cars and would be happy to keep tariffs on this sector at 25%, as planned. One US official said that the administration is now considering introducing reciprocal tariffs exceeding 10%, even if an agreement is reached. This position puts the EU in a difficult situation, as the deadline of August 1 is approaching, when Trump stated that he would introduce a 30% tariff on all imports
Recall From August 1, the US is introducing a 30% tariff on goods imported from the European Union and Mexico. President Donald Trump announced this on social media, expanding tariff restrictions to a number of countries.
The EU’s chief negotiator with the US, Maroš Šefčovič, stated that US President Donald Trump’s threat to introduce a 30% tariff on European goods would “practically prohibit” transatlantic trade.