Maros Sefcovic is in Washington to meet with his American couple and avoid a 30% rate from August 1.
The Chief of Commerce of the European Union (EU), Maros Sefcovic, traveled to Washington this Wednesday to hold conversations about reciprocal tariffs With the US Secretary of Commerce, Howard Lutnickand the Commerce Representative, Jamieson Gerer.
In recent days, the US president, Donald Trump threatened to impose a 30% tariff on imports from the block as of August 1a level that Europe He considers unacceptable and that would end normal trade between two of the world’s largest markets, according to Reuters.
The European Commission (CE) has prepared a list of US products worth € 72,000 million (about US $ 83,630 million)from Boeing and whiskey Bourbon aircraft to cars, which could be tariffs if commercial conversations fail with the North American country.
Trump USA Tariffs
ASML, the world’s largest supplier of computer chips manufacturing equipment, warned Wednesday that uncertainty in tariff negotiations took US semiconductor companies to delay the completion of their investments, something that tarnished their prospects for the whole year.
“Trump’s tariffs only have losers”
“Trump’s tariffs only have losers,” said German finance minister Lars Klingbeil, who said that taxes threaten the US economy at least as much as the European. “Our hand continues, but we will not join everything, we must continue preparing possible countermeasures”Klingbeil said at a press conference with his French counterpart Eric Lombard.
The list of possible countermeasures, sent to the EU member states was prior to Trump’s measure of the weekend to increase pressure on the 27 countries block and responded to tariffs on cars and auto parts and a base tax of 10%.
Source: Ambito
