The United States and the European Union have started trade negotiations to prevent Donald Trump The worst effects of customs, says the economic magazine Financial Timeswho has seen the EU memo’s negotiations.
According to the newspaper, for the first time in recent days, the parties have exchanged negotiation documents that include, among other things, duties, digital trade and investment opportunities.
Negotiations with the EU have not progressed as well as Japan, South Korea, Vietnam and Britain.
Director of Trade of the European Commission Sabine Weyand urged EU Member States to remain calm and not bend to the pursuit of instant profits in the United States.
According to Weyand, some of the newcomers in the United States are likely to remain in effect, especially in the areas that the United States wants to return to their home country, such as the steel and automotive industry.
According to the memo, Weyand also stated that the US agreement with Britain shows that the United States wants to use trade agreements to manage supply chains and to displace Chinese products from the market.
According to two anonymous sources of the magazine Jamieson Greer Pressurizing the EU to submit written proposals and threatened that without them, Trump will return the duties of April 2 in full. The EU’s 20 % counter has been halved until July 8 for the negotiations.
EU Trade Commissioner Maroš Šefčovič has stated that the trade gap between the EU and the United States could be balanced by buying more US gas, weapons and agricultural products. The United States, on the other hand, has repeatedly expressed concern about the EU VAT, digital service regulation, the tightness of food standards, and from certain US products.
Šfčovič has also said that the EU does not accept claims for the elimination of VAT or the weakening of digital regulation. Instead, the EU is ready to reduce its dependence on China’s critical minerals and drugs, and to place duties on Chinese products suspected of receiving state aid.
EU Trade Ministers are not satisfied with the agreement between the United States and the UK, where, among other things, a 10 % basic duty remained in force. Indeed, the EU Commission has been preparing a $ 95 billion newcomer package that would be on Boeing aircraft, cars and Bourbon whiskey.