“Financial Times from three informed interlocutors learned that US President Donald Trump has strengthened his position in negotiations with the European Union, insisting on the introduction of a minimum tariff at the level of 15-20% within any future trade agreement with Brussels.”, – WRITE: www.pravda.com.ua
Source: “European Truth” with reference to Financial Times
Details: According to FT, Trump’s position on raising the minimum tariff from the current 10% is intended to check the limit of EU tolerance after a week negotiations on the trade agreement.
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The sources of the publication indicate that the US President also rejected the EU’s latest proposal to reduce the car tariffs and is ready to save them at 25%, as planned.
The US official reported FT that the Trump administration is currently considering a variant of mutual tariffs with the EU in excess of 10%, even if the agreement is reached.
This means that US tariffs for European goods will be at least as high as at the time of trade talks in April.
EU diplomats said FT that Brussels was preparing for countermeasures. It is about US import tariffs worth 21 billion euros, including chicken and jeans, which should come into force on August 6, and also for American imports worth 72 billion euros, including Boeing and Bourbon aircraft.
In parallel, the European Commission prepares the third list of US services-including fees for digital services of US companies and revenues from online advertising.
Recall:
- On July 12, US President Donald Trump announced that from August 1 to import from EU countries will take place in rates of 30%.