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Not a Blank Cheque: EU Agrees to Trump’s Tariff if Sensitive Sectors Spared
23 Articles
23 Articles
TRIBUNE. In a forum at the "World", economist Sébastien Jean believes that Europe remains a major economic ally of the United States and that it should not be divided in the face of Donald Trump's demands.
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.”
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