“We are ready to defend our interests”: the EU responds to the new threats of the Trump rate

In response to the President of the United States Donald Trump, who threatened on Friday (23) to impose rates of 50% at the European Union, Brussels said he was working in “good faith” to obtain a commercial agreement with the United States based on “respect” and not on “threats”.

In response to the President of the United States Donald Trump, who threatened on Friday (23) to impose rates of 50% at the European Union, Brussels said he was working in “good faith” to obtain a commercial agreement with the United States based on “respect” and not on “threats”.

“We are ready to defend our interests,” said the European Commissioner for Commerce, Maros Sefcovic, in response to Donald Trump on Friday evening, a few hours after the President of the United States threatens to impose customs rates of 50% on the European Union from 1 June.

Although Trump believes that the negotiations with Brussels are not taking anywhere, the EU is working in “good faith” to guarantee a commercial agreement with the United States, added Sefcovic, claiming that trade between the two partners must “be guided by mutual respect, not by threats”.

Shortly before, the European Commissioner had spoken to the Jamieson Greer, head of international trade in Washington. The conversation, which took place after Donald Trump’s threats, could not change his positions. On the European side, the 27 are already subject to rates of 25% on steel and cars, as well as rates of 10% nicknamed Donald Trump of “mutual” and imposed on all the countries of the world.

It remains to be known, however, if the new threats could mix the cards in the current negotiations. The President of the United States had already threatened the EU with General Customs Rates of 25% (currently partially subject to a 90 -day break) and 200% compared to alcohol.

On the European side, the retaliation measures were suspended – in the value of 100 billion euros in American imports.

The EU should remain firm

The EU has the means to remain firmly in Donald Trump, believes that Damien Ledda, director of the financial management of the Galilee Asset Management.

“Europe represents a very significant economic weight, it remains one of the largest economic blocks in the world, with enormous purchasing power and a significant commercial surplus with the United States,” he explains. “It can therefore exercise plausible pressure on American companies with significant exposure in Europe, in particular in the sectors of technology, agriculture and aviation. If the EU reacts the same way as the United States, the economic consequences for Washington can be significant,” he adds.

After threatening Europeans for the first time on Friday morning, Donald Trump repeated the threat a few hours later, this time in the oval room, claiming that this was his way of negotiating.

“I just said it’s time to play in the way I know how to play. I’m not looking for an agreement. It’s determined, it’s 50%. Let’s see what happens, but at the moment they will start on June 1 and they don’t treat us well. They are not dealing with our country well.

Source: Terra

Rose

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