The European Union offered zero duties for industrial goods.
Europe is ready for negotiations with the United States. We offered zero tariffs for industrial goods. Because we are always ready for a good agreement, ”said the President of the European Commission Ursula von der Lien.
At the same time, she emphasized that the European Union is also ready to respond to countermeasures and protect itself from the indirect consequences of American duties by reorientation of trade.
According to Reuters, this week the EU is likely to approve the initial counteracting import with the United States up to $ 28 billion in response to Trump’s tariffs for steel and aluminum, and not wider “mutual” duties.
At the same time, in the Brussels commercial war, in Brussels there are fewer goals than Washington, since the import of goods from the USA to the EU in 2024 amounted to 334 billion euros, while the EU exports to the United States – 532 billion euros.
We offered zero tariffs for industrial goods, as we have successfully done with many other trading partners. Because Europe is always ready for a good deal. That is why we leave this on the table, ”said the President of the European Commission at the press conference with the Prime Minister of Norway, Jonas Gar.
The United States and the EU were close to the cancellation of industrial tariffs ten years ago during the discussions of TTIP-TRANSATIC TRADE and Investment PARTNERSHIP, which was ultimately canceled Trump during its first period.
The updated proposal of von der Layen appeared after Trump brought out 20 percent of the duties for the EU and a number of other trading partners last week, which increased the US trading barriers to the highest level over the century.
Trump’s trading war led to the panic of investors, financial markets around the world lost trillions of dollars or euros. On Monday, European actions were the most one -day fall since the beginning of the Covid pandemic.
Source: Racurs
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