Ongoing commerce tensions between the US and the European Union have reached new ranges. In keeping with three sources acquainted with the problem, the Washington administration is threatening Brussels with a 17% tariff on EU agricultural exports. This improvement additional raises tensions in ongoing commerce negotiations between the 2 events.
The newest warning from the US comes simply earlier than the occasion begins its plan to impose a 20% tariff on all EU items if it fails to achieve the commerce settlement by July ninth.
President Donald Trump has known as for Brussels to grant regulatory exemptions to US companies and cut back EU commerce surplus with the US. The Trump administration claimed it was decided to take powerful actions if the deal was not reached.
European Fee’s Commerce Commissioner Maloszhuchovich obtained a warning throughout consultations in Washington on Thursday, and the next day the message was handed to ambassadors of 27 EU member states.
European Fee President Ursula von der Leyen mentioned on the identical day that he wished a “in precept an settlement” to permit events to proceed negotiations. However the US is rising strain to achieve a binding settlement by the deadline set by Trump.
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