Trump threatens duties 50% from June 1st to the EU: “Our discussions are not going anywhere” | EUROtoday

Listen to the audio model of the article

Donald Trump recommends 50% duties on the European Union ranging from June 1st. This was acknowledged by the president on his social fact. “It is very difficult to deal with the European Union, formed with the aim of taking advantage of the United States on trade”, says Trump, underlining that “our discussions” with the EU “are not going anywhere”.

And so, with the collapse of the baggage of the Old Continent after the announcement of the duties at 50% on the European Union ranging from 1 June, the Futures additionally fall on the beginning of Wall Street, down a couple of proportion level and a half within the completely different indices. In Europe, the gross sales present in monetary markets appears to have for the second stabilized, regardless of a really nervous and damaging local weather.

And at present the EU Commissioner to Commerce, Maros Sefcovic, could have a cellphone name with one of many two US negotiating capacities Jamieson Greer within the afternoon, round our 17.30. It is discovered in Brussels. While ready, the EU Commission reacts with a ‘no remark’ to the announcement of Trump of fifty% duties to the EU from June. The cellphone name ought to serve to make clear the positions for the negotiation, even when, from what transpires, the events have already exchanged a listing of requests, with Brussels satisfied that they’ve detailed and structured their very own, reaffirming the willingness to face the imbalances and the proposal of ‘zero duties’ on industrial merchandise.

Just earlier than the announcement on the duties on the European Union, the President of the United States had additionally threatened to impose duties “at least 25%” in Apple if the corporate doesn’t produce its iPhone within the United States.