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EU to accept Trump's universal tariff but seeks key exemptions, Bloomberg News reports
- The European Union is considering a trade alliance with Asia-Pacific countries to counter U.S. pressures, according to European Commission President Ursula von der Leyen.
- U.S. President Donald Trump has threatened to impose a 50% tariff on all EU goods if no trade deal is reached by the deadline, increasing tensions between the EU and the U.S.
- The EU may impose retaliatory tariffs on $21 billion worth of U.S. goods if no agreement is made by the deadline, as diplomats reported.
- The EU's trade chief, Maro efovi, is set to meet with U.S. officials in Washington for last-minute negotiations just days before the deadline, amid concerns over retaliatory tariffs.
40 Articles
40 Articles
Global powers scale back US tariff talks
Global powers scaled down their ambitions for trade deals with Washington, barely a week before President Donald Trump’s tariff reprieve expires. The European Union looks likely to accept a universal 10% import tariff, but wants exemptions on major exports including alcohol, cars, and pharmaceuticals, according to Bloomberg. Meanwhile, India is expected to sign an interim trade deal with the US in order to protect the South Asian nation’s politi…
Tariffs Propel US Customs Revenue To A Record $106 Billion Since Trump's Inauguration
The U.S. Customs and Border Protection (CBP) has reportedly collected more than $106 billion in customs revenue since Donald Trump assumed the presidency, with a significant portion attributed to the administration's tariffs.
Brussels wants to reach a compromise in the customs dispute in the trade conflict with Washington – with targeted exceptions in strategically important sectors.
EU states told not to expect stable US trade relationship
EU member states have been warned not to expect a stable trade relationship with the US, especially on the issue of European pharmaceutical exports, even if both sides reach an agreement in principle ahead of next Wednesday's deadline, when a pause on the imposition of US tariffs expires.
Colorado Springs Gazette
Denver GazetteEU to accept Trump universal tariff but seeks key exemptions
BRUSSELS — The European Union is willing to accept a trade arrangement with the U.S. that includes a 10% universal tariff on many of the bloc’s exports, but wants the U.S. to commit to lower rates on key sectors such…
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