From Washington, careful optimism sounds about reaching a trading deal with the European Union. Sources say that to Reuters news agency. The intention is that both trade blocks will continue to negotiate this weekend.
Currently, the United States and the EU are in a break during the trade war that unleashed US President Donald Trump three months ago. But if there is no deal on July 9, the US can impose high import duties on European products.
The European Commissioner for Trade, Maros Sefcovic, was in Washington this week to talk to the Americans about a deal. Those conversations would have been productive, although it was not immediately clear how close both parties are when reaching a deal.
On Friday, American initiates hinted against Reuters that the negotiations are heading in the right direction. Washington would be optimistic about reaching a deal in the short term.
On April 1, Trump announced massive import duties on non-American products, with which he unleashed a global trade war. For European products, he threatened to increase the taxes from 10 to 20 percent and possibly even 50 percent. If the break goes next week, he can still implement such an increase.
EU has a billion -dollar package ready to hit back
Should it come to that, Brussels already has a billion -dollar package ready to hit back with counter -taxes on American products. In addition, a second package with retaliation measures could be added.
So far, the US has only reached trade agreements with the United Kingdom – which since the Brexit is no longer part of European trade policy – and Vietnam. A provisional trade agreement was concluded with China.
The US government started on Friday with sending letters to countries that have not yet concluded an agreement, containing rates that vary from 10 to 70 percent.
From Washington, there is Cautious Optimism About Reaching a Trade Deal with the European Union. That’s accordance to sources speak to news agency reuters . The Intention is for Both Trade Blocs to Continuous Negotiations This Weekend.
Currently, the United States and the Eu Are in a Pause in the Trade War that us President Donald Trump Unleashed Three Months ago. But if there is no deal by July 9, The US May Impose High Import Duties on European Products.
The European Commissioner for Trade, Maros Sefcovic, was this week to talk to the Americans about a deal in Washington. These talks are said to have leg productive, althegh it was not immediately clear how close the two parties are to reaching a deal.
On Friday, American insiders suggested to Reuters that the negotiations are moving in the right direction. Washington is said to be optimistic about reaching a deal in the short term.
On April 1, Trump Announced Massive Import Duties on Non-American Products, Unleashing A Global Trade War. For European Products, he threated to raise the duties from 10 to 20 percent, and Possible just 50 percent. If the puse expires next week, he can still implement such an increase.
EU HAS BILLIONS Ready to Strike Back
Should it come to that, Brussels Already Has A Multi-Billion Package Ready to Strike Back With Retaliatory Tariffs on American Products. On top of that, there Could Be A Second Package with Retaliatory Measures.
The US So Far only Reached Trade Agreements with the United Kingdom – which, Since Brexit, is no Longer Part of the European Trade Policy – and Vietnam. A Provisional Trade Agreement was concluded with China.
The US Government Begen Friday Sending Letters to Countries That Have Not Yet Reached An Agreement, with Tariffs Ranging from 10 to 70 percent.