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Spain Economy Minister Urges Fair, Balanced EU-US Tariff Deal
- Spanish Economy Minister Carlos Cuerpo urged a fair and balanced tariff deal between the EU and the US as a July 9 deadline approaches.
- This call follows US President Trump imposing 10 percent tariffs on almost all partners since January and pausing a threatened 50 percent increase until July 9.
- Cuerpo noted that although there is political will to reach a deal, both sides remain far from agreement amid escalating trade tensions and prepared EU response packages held back to avoid escalation.
- He remarked that there is a noticeable shift occurring in global trade dynamics, but the eventual outcome of this adjustment remains uncertain.
- Cuerpo anticipates that tariffs will have a limited effect on Spain's economic growth this year due to the country's relatively low reliance on the US market, but highlighted increased vulnerability for industries such as the olive oil and wine export sectors as shipments to the US rise.
32 Articles
32 Articles
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Spain economy minister urges fair, balanced EU-US tariff deal
Spanish Economy Minister Carlos Cuerpo said a tariff pact between the EU and Washington should be "fair and balanced," although both sides remain far from a deal as a July deadline approaches.
Spain's economy minister Carlos Cuerpo told AFP that although there is a long way before the United States and European Union reach a deal to de-escalate tariffs, there remains political will to do so
Spain's economy minister Carlos Cuerpo told AFP that although there is a long way before the United States and European Union reach a deal to de-escalate tariffs, there remains political
European Commissioner Maroš Šefčovič said that on many issues, Brussels and Washington are not a problem for each other.
The European Union and the United States want to use every day until July 9 to find a satisfactory mutual agreement on trade and customs policy. In an interview with a TASR reporter in Brussels, European Commissioner for Trade and Economic Security Maroš Šefčovič stated this. According to him, negotiations on trade policy and customs with the American side are taking place "basically every day" and are extremely complicated. "We are looking for …
Executives of industrial companies such as Dow, ACS, 3M or DHL have been "optimistic" in the face of a possible trade agreement between the United States (US) and the European Union (EU) against the tariff policy promoted by US President Donald Trump.
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