There are no winners in the disputes. Europe is trying to keep calm after Trump’s threat
Trump threatens the Union of a 50 % cloud.
Brussels. European leaders try to keep peace and act uniformly after US President Donald Trump has threatened by imposing a duty 50 percent for imports from the European Union.
The potential escalation of the US and the EU has caused a decline in shares on both sides of the Atlantic for concerns about the economic consequences. Informs the agency Bloomberg.
Unreasonable escalation
A few hours before the negotiators of both parties should start discussing the next steps to the agreement, Trump He criticized the Union that the discussions with her « are not going anywhere ».
Trump’s threat of duties for Europe follows the strategy with China, which he picked up in April duties up to 145 percent. When financial markets were forfeited, 12 May announced an agreement on their temporary reduction to 90 days by 30 percent during the negotiations.
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European officials are trying to restraint and are determined to continue the interviews.
« All this is part of the negotiations, » said Dutch Prime Minister Dick Schoof. « We will easily look at the suggestions and respond strongly and decide. »
Swedish Finance Minister Elisabeth Svantesson described Trump’s latest threat to « disproportionate escalation that could damage the US and European economy ».
The new German Minister of Economy and Trade Katherina Reiche warned against the consequences for both parties if rhetoric becomes a policy.
« There are no winners in the disputes of duties. We need to do everything in our power to ensure that the European Commission will achieve a solution with the US. Such high duties will damage the US and the EU to the same extent, » she told Rheinische Post.
« We need a factual, calm, measured and comprehensive dialogue with the United States, » said Vice -Chairman Irish Government Simon Harris. He added that a long and deep relationship with the US deserves a more lasting and significant engagement in the upcoming period in an effort to reach an agreement.
Trump wants a 50 % import duties from the Union. Negotiations are not going anywhere Read
The next step may be retaliation
French Minister of Commerce Laurent Saint-Martin wrote in a post on the social network X that Paris is in favor of de-escalation of the dispute, but is ready to respond.
Simone Tagliapietra from Think-Tank Bruegel described Trump’s announcement as « a cold shower for Brussels, although there is still hope that this is another tactic aimed at increasing the pressure pressure ».
Brad Setser, a former US Department of Finance official, now a member of the Foreign Relations Council, warned that if Trump fulfills his threat, the next EU step may be retaliation.
« Trump has probably put Europe in a position when the European Commission and the key Member States conclude that they have to escalate to de -escala. If Trump fails to convince them to retreat and wait for a new European offer, the EU is likely to start the retaliation process, » he wrote on the X network.
The EU has already prepared a duty duties for US goods worth EUR 21 billion in response to Trump’s duties on the import of steel and aluminum, but suspended them by mid -July, when Trump postponed 90 days reciprocal duties.
The block is also preparing a list of additional duties of EUR 95 billion for US products if negotiations with Washington fail. These measures would focus on industrial goods, including Boeing aircraft, cars produced in the US or Bourbon.
