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.

  • ℍ𝕂-𝟞𝟝@sopuli.xyzEnglish
    6·
    6 days ago

    SWIFT is actually European - Belgian in fact, it’s just that the US has an outsized influence through the dollar. Visa and Mastercard has several EU alternatives, the only caveat with them is that each of them only works in their respective countries.