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
Messi makes MLS history winning second consecutive Golden Boot, playoffs set

Messi makes MLS history winning second consecutive Golden Boot, playoffs set

Inter Miami's Lionel Messi won his second consecutive MLS Golden Boot award on Saturday after the defending champions took second place in the Eastern Conference with a wasteful 3-3 draw against Charlotte on the final day of the regular season. The Argentine superstar did not score but set up the first two goals at Miami's Nu Stadium, both from corners, to help secure his club a home-field advantage for the first two playoff rounds. Messi's 26 goals this season were enough to make him the firs


O A

Erling Haaland gets his pee analysed: How smart urinals are used to monitor player performance

Erling Haaland gets his pee analysed: How smart urinals are used to monitor player performance

In the world of football, the biggest stars are constantly seeking a marginal edge on the training ground. Now, the hunt for these gains has reached the restroom. A new phenomenon is spreading through the training facilities of top European clubs. The so-called 'S-urinal' (where the 'S' stands for 'smart') is making inroads, equipped with touchscreens and sensors that analyse players' urine. Elite football clubs are frequently turning to 'smart urinals' to gain a competitive edge in sports scie


O A

Vance tries to build his own 2028 brand after midterm rout

Vance tries to build his own 2028 brand after midterm rout

Late in his blitz to salvage Republicans' midterm fortunes, Vice President JD Vance shifted strategy. He talked less about President Donald Trump and more about the issues that define his own political identity. Vance argued the case for Republicans, who lost control of Congress in Tuesday’s vote, almost exclusively through the lens of his policy portfolio, according to a Reuters review of half a dozen speeches since the ‌Republican convention in September. He bypassed Trump's signature polici


O A

Chris Rock Says Porn Addiction Destroyed His Marriage

Chris Rock Says Porn Addiction Destroyed His Marriage

Chris Rock revealed in a candid interview Tuesday that a past addiction to pornography played a significant role in the dissolution of his marriage and his subsequent decade-long hiatus from the director’s chair.  Speaking with GQ for its “Men of the Year” issue, the 61-year-old entertainer admitted he has been clean from the habit for approximately six years, a change he credits with helping him regain his personal and professional footing.  Rock, who recently directed the comedy-drama “Misty


O A