With the objective of Continue negotiating by an agreement that avoids ratesthe European Union announced that it will extend tariffs against USA until the beginning of August instead of putting the countermeasted in force immediately. On the other hand, from the Donald Trump government they increasingly demand more concessions from their commercial partners to reach an understanding.
The decision was communicated after the American president said that as of August 1 he will impose a tariff of the 30% for most EU and Mexico imports. In this way, he left only three weeks to advance these negotiations before the measure enters into force.
“The United States has sent us a letter with measures that will enter into force unless a negotiated solution is reached. Therefore, We will also extend the suspension of our countermeasures until the beginning of August”, Explained the head of the EU Executive Commission, Ursula von der Leyen.
The Economic Advisor of the White House, Kevin Hasset, said that “tariffs are real” and explained that Trump considers “that the agreements have to be better.” “For basically put a line in the sand, sent these cards to the people, and we will see how it turns out“, accurate.
Von der Leyen, clarified that the commercial policy of the block will maintain its two -way approach: continue talking and prepare retaliation measures.
“We have always been very clear that We prefer a negotiated solution. This is still so, and we will use the time we have now, “he anticipated during a press conference.
In the same sense, the German chancellor, Friedrich Merzhe said he was “really engaged” To find one Commercial solution with the United Statesand told the German Public Radiotelevisio Ard that he will work intensely in it with Von der Leyen and the French president, Emmanuel Macron, during the next two and a half weeks.
After being consulted for the impact of an American tariff of 30% on Germany, Merz replied: “If that happened, we would have to postpone large parts of our economic policy efforts because it would interfere with everything and hit the German export industry“
Trump announced 30% tariffs for the EU as of August
Trump announced this Saturday that as of August 1, 30% tariffs will begin to govern the European Union, which reflects a Increase with respect to 20% announced by the Republican management in April. The announcement comes in the midst of the negotiations that maintain both efforts on trade agreements.
In detail, the EU, anticipated a rise in taxes from a base of 10% for the middle of last week. However, the American president He defined extending the deadline until August, days before the entry into force of the new percentages.
Source: Ambito
