EU offers 50 billion euros for trading solution with the USA!

EU offers 50 billion euros for trading solution with the USA!

The European Union plans to offer the United States an offer of the purchase of 50 billion euros in American goods during the ongoing trade dispute. This is intended to help deal the persistent customs problem between the two trading partners. Trade Commissioner Maroš Šefčovič explained that there were "certain progress" in the talks about a trade agreement. However, the EU sees the maintenance of the US tariffs from 10 percent on European goods as a unfair negotiating situation.

to further address the dispute, EU trade commissioner Šefčovič travels to Washington, where a meeting with US trade minister Howard Lutnick and Trump's trade officer is planned. The tariffs that President Trump has introduced to steel and aluminum products and which have been in force since mid-March are particularly explosive. The EU Commission had announced in advance against tariffs, but was postponed by two weeks to create additional time for discussions with the US government.

consequences for trade

The EU's planned counter -tariffs affect popular products such as jeans, whiskey and motorcycles. In his part, Trump has threatened with drastic tariffs of up to 200 percent on wine and champagne, which in particular alerts EU countries such as France, Spain and Italy. The US tariffs burden exports worth $ 28 billion from the EU, and the counter tariffs should take a similar extent.

Therefore, Britain's Prime Minister Keir Strandmer is optimistic after a conversation with Trump, and Great Britain is considering deleting a tax on tech companies in order to improve trade relationships. This political maneuver is particularly relevant after Great Britain after Brexit 2020 had initially hoped for a comprehensive free trade agreement with the USA, which, however, failed. The current focus is now on a limited agreement for certain industries.

The reaction of the EU

In a comprehensive proposal to the United States, the EU has announced that it was ready to abolish all tariffs to industrial goods. This also includes the automotive sector; However, there is no official reaction from Washington. Despite President Trump's strict customs policy, the EU strives to find a negotiating solution. The Commission and the Member States prepare countermeasures at the same time if the United States is not cooperative.

From mid -April from mid -April, against tariffs should come into force, which could continue to rise by mid -May. At a meeting of the EU Minister of Trade in Luxembourg, the topic has already been discussed in detail. Federal Minister of Economics Robert Habeck also warned of hasty reactions, but advocated prudent preparation for measures. Šefčovič described the US's customs policy as a "paradigm shift in the global trading system".