EU Calls for ‘Respect’ as Trump Threatens 50% Tariffs on European Goods
#image_title

EU Calls for ‘Respect’ as Trump Threatens 50% Tariffs on European Goods


Share this post

The European Union's trade chief said the 27-member bloc is committed to securing a trade deal with the US based on "respect" not "threats".

It comes after US President Donald Trump threatened to slap a 50% tariff on all goods sent to the US from the EU.

"The EU's fully engaged, committed to securing a deal that works for both," EU Trade Commissioner Maros Sefcovic said after a call with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick.

"EU-US trade is unmatched & must be guided by mutual respect, not threats. We stand ready to defend our interests."

Earlier on Friday, Trump expressed impatience with the pace of ongoing EU-US trade negotiations, saying his plan to raise tariffs on 1 June was set.

Writing on social media, Trump said: "Our discussions with [the EU] are going nowhere," adding that there would be no tariffs for products built or manufactured in the US.

"I'm not looking for a deal - we've set the deal," he told reporters later, before immediately adding that a big investment in the US by a European company might make him open to a delay.

The EU is one of the Washington's largest trading partners, sending more than $600bn (€528bn; £443bn) in goods last year and buying $370bn worth, US government figures show.

Reacting to Trump's threats, European governments warned that higher tariffs would be damaging to both sides.

"We do not need to go down this road," said Ireland's Taoiseach (Prime Minister) Micheál Martin. "Negotiations are the best and only sustainable way forward."

France's Foreign Minister Laurent Saint-Martin, said: "We are maintaining the same line: de-escalation, but we are ready to respond."

German Economy Minister Katherina Reiche said the bloc "must do everything" to reach a solution with the US.

While Dutch Prime Minister Dick Schoof told reporters that he backed the EU's strategy in trade talks and "we have seen before that tariffs can go up and down in talks with the US".

US President Donald Trump in April announced what he called "reciprocal tariffs" on goods from countries around the world

The EU is negotiating with the US as a bloc, though Stephen Moore, a former economic advisor to Trump who works for conservative think tank the Heritage Foundation, said: "What may happen in Europe... is that we may try to negotiate individually with countries in Europe."

He added that in his opinion Trump's "ultimate aim is really to decouple not just the US but the whole world from Chinese influence which would be a very good thing if he could pull that off".

In early April, Trump announced tariffs against a long list of countries, including a 20% tax on most EU goods being sold into the US.

Soon afterwards, the president paused the higher tariffs for three months, until 8 July, to allow for more negotiations, but kept a 10% baseline tax in place against the US's trade partners.

Higher US tariffs also remained in place against China though they were substantially lowered.

Despite the climbdown from Trump, the US kept a 25% tariff against EU steel and aluminium imports in place.

The EU has threatened – and paused – its own measures against the US. It said it would introduce a 25% tariff on €18bn ($20bn; £15bn) worth of US goods coming into Europe but this has been put on hold.

It is also currently consulting on additional measures against US imports into the US valued at €95bn.

Trump's complaints about Europe have focused on what he claims is an uneven trade relationship - the EU sells more goods to the US than it buys from America.

Trump blames a trade deficit on policies that he claims are unfair to American companies, and he has specifically raised concerns about policies related to cars and agricultural products.

Trump also warned Apple that he would impose a 25% import tax "at least" on iPhones not manufactured in America, later widening the threat to any smartphone.

Shares in the US and EU fell on Friday after the latest threats, with America's S&P 500 down about 0.7% and Germany's Dax and France's Cac 40 ending the day down more than 1.5%.


Share this post
Comments

Be the first to know

Join our community and get notified about upcoming stories

Subscribing...
You've been subscribed!
Something went wrong
Wendy Williams Documentaries From Netflix & Peacock Coming Soon

Wendy Williams Documentaries From Netflix & Peacock Coming Soon

Two streaming giants may soon offer competing portraits of Wendy Williams, the former daytime television host whose career made her one of the most recognizable voices in American entertainment. Netflix and Peacock are reportedly developing separate documentaries about Williams, according to The Sun. Neither company has confirmed the projects publicly. Still, reports suggest both productions are moving forward as interest in Williams’ career and personal life persists. Peacock and Netflix Are


O A

FIFA fires back at effort to undermine Infantino as leadership crisis deepens

FIFA fires back at effort to undermine Infantino as leadership crisis deepens

FIFA on Saturday warned against what it called a "concerted and ongoing effort" to undermine President Gianni Infantino, saying ⁠attempts to challenge his leadership must follow the governing body's statutes and democratic procedures. The statement came amid an increasingly bitter standoff over Infantino's leadership following ‌the collapse of his proposal to raise about $4.2 billion by selling a stake in the commercial rights ‌of the World Cup and other tournaments. The plan triggered critici


O A

Judge Dismisses Tory Lanez & Wife Raina Chassagne’s Divorce Case

Judge Dismisses Tory Lanez & Wife Raina Chassagne’s Divorce Case

A Los Angeles judge has dismissed the divorce case filed by Raina Chassagne against incarcerated singer Tory Lanez, ending the proceeding without a final judgment on the couple’s marriage. The court dismissed the case after finding insufficient activity to move the proceeding toward a final judgment, according to court documents obtained by TMZ. The dismissal does not establish that Chassagne and Lanez reconciled. Chassagne filed for divorce in June 2024, less than a year after marrying Lanez,


O A

Gauff & Rybakina book spots in Toronto last 16, Andreeva stunned by Fernandez

Gauff & Rybakina book spots in Toronto last 16, Andreeva stunned by Fernandez

Reigning Australian Open champion Elena Rybakina advanced to the fourth round of the WTA 1000 tournament in Toronto on Friday while French Open winner Mirra Andreeva was eliminated by Canada's Leylah Fernandez. World number two Rybakina from Kazakhstan defeated American 28th seed Ann Li 6-2, 7-5 in 90 minutes, winning five of six break chances while saving two of four against her. Rybakina, who also won the 2022 Wimbledon title, advanced to a last-16 meeting with the winner of a later match be


O A