US Edition
Not a Blank Cheque: EU Agrees to Trump’s Tariff if Sensitive Sectors Spared
19 Articles
19 Articles
Not a blank cheque: EU agrees to Trump’s tariff if sensitive sectors spared
The development comes as the European Commission, which handles the EU's trade matters, has only about a week to reach a deal with the US to avoid a whopping 50 per cent tariff rate on all its goods going to the country
At the European Summit on Thursday 26 June, the Twenty-Seven divided on the response to the trade war triggered by Donald Trump, countries such as Germany and Italy refusing the test of force.
The President of the European Commission, Ursula von der Leyen, warned that the EU is ready to reach an agreement, but cautioned "to avoid reaching a satisfactory understanding".
A new tariff offer from Trump hit late at the EU summit in Brussels on Thursday – two weeks before the deadline. The EU is now at a crossroads and Ursula von der Leyen responds that “all options are on the table.”
The EU is ready to reach a tariff deal with the US, European Commission President Ursula von der Leyen said after a meeting of EU leaders. She added that they received the latest US proposal for further negotiations on Thursday and are studying it.
The US President has accused the European Union of "taking advantage of commercial material" and argued that its threat forced the EU to negotiate.
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