Brussels’ zero-for-zero tariff offer not enough, U.S. president says, but indicates he’s open to a deal if the bloc commits to closing the trade deficit in goods.

Summary

Trump has rejected the EU’s “zero-for-zero” tariff offer on cars and industrial goods, demanding instead that the bloc commit to purchasing $350 billion of American energy to offset the trade deficit.

Following his implementation of 20% tariffs on EU goods last week, which triggered significant market downturns, Trump indicated openness to negotiations while emphasizing his “America First” stance.

He also criticized EU product standards as “non-monetary barriers” designed to block American exports.

  • Cryan24@lemmy.worldEnglish
    48·
    5 days ago

    I think there is a possibility for an EU, China, Canada plus others… agreement to smooth over the gap from loss of US trade.

    • TheRealLinga@sh.itjust.worksEnglish
      18·
      5 days ago

      Maybe we are going to see a unification of the world over this! Everyone rallies together to fight the U.S. tariffs, and then there’s no more U.S.! World peace at last. Thanks Trump!