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.

  • 0x0@lemmy.zipEnglish
    2·
    5 days ago

    I think SEPA mitigates that dependency on Visa/MasterCard. Not being an expert I think the main issue is banks resisting change (and most likely getting kickbacks).

    Electronics come from China and Taiwan anyway (i’m considering Intel/AMD CPUs as “advanced electronics” and even on that there are EU-babysteps towards advancing RISC-V).