“Had a very nice conversation”-Trump shifts further EU tariffs by July ninth | EUROtoday

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After a telephone name with Ursula von der Leyen, Donald Trump introduced that it’s transferring the introduction of extracols of fifty p.c for the European Union till July ninth. The US President additionally praises the dialog with the EU Commission President.

A primary strategy between the EU and the USA is rising within the world commerce dispute. US President Donald Trump plans to postpone the introduction of the brand new tariffs he introduced for early June on imports from the EU for a very good month. The begin of the deliberate further import charges of fifty p.c might be postponed to July 9, Trump mentioned after a dialog with EU Commission President Ursula von der Leyen. “We had a very nice conversation and I agreed to postpone it,” mentioned Trump reporters on Sunday (native time) on his method again to Washington.

Trump commented within the US state of New Jersey shortly earlier than his departure with the presidential machine Air Force One. From the Leyen known as him and requested for an extension of the deadline. “She said that she wanted to start serious negotiations,” mentioned Trump. After the “very good conversation” he agreed to “move the date to July 9”. “I agreed and she told me that we will meet quickly and see if we can find a solution.”

From the Leyen on Sunday in a contribution to X mentioned that Europe was able to drive the conversations rapidly and decided, however “a lot of time until July 9” could be wanted. On this date, Trump’s 90-day suspension of his so-called mutual tariffs ought to have ended. As a part of the mutual customs units introduced in April, the EU ought to have raised an inch of 20 p.c.

But Trump threatened 50 p.c towards the EU on Friday with the introduction of upper tariffs towards the EU after complaining that the EU was disadvantaged of negotiations and US firms with complaints and rules unfairly. “I’m not looking for a deal,” mentioned Trump within the White House.

Trump’s newest customs risk would hit the products commerce between the United States and the EU value $ 321 billion. The further surcharges could be 5 instances as a lot as the present customized of ten p.c on most merchandise. In distinction, the next price of 25 p.c already applies to vehicles or aluminum.

This would scale back the US gross home product by virtually 0.6 p.c and lift costs by greater than 0.3 p.c, as may be seen from Bloomberg Economics calculations.

Europe’s strategies for organising the customs dispute didn’t go far sufficient

Overall, the EU sees Trump’s tariffs as not justified and incompatible with the principles of the World Trade Organization (WTO). She emphasizes that she’s going to introduce decisive measures towards US tariffs ought to the negotiations fail. This ought to embody towards tariffs.

Despite the quiet counter threats, nonetheless, the EU Commission has to this point continued to barter, as President of the Leyen as soon as once more underlines along with her name to the US President. After months of ignorance, the Trump authorities is now at the very least prepared to barter with the EU. This course of itself ought to already be seen as progress in Brussels, because the Leyen has lengthy tried for a dialogue appointment with the US president.

In order to defuse the present commerce dispute, the EU has already supplied the United States an settlement to mutual cancellation of all tariffs on industrial items. So far, the Trump authorities has not responded to this.

In addition to customs offers, new agreements are additionally thought-about an choice. According to the EU Commission, the EU and Trump may, for instance, conclude a brand new deal to develop American exports of liquefied gasoline (LNG). It would even be attainable to import extra army expertise and agricultural items in an effort to scale back the US commerce deficit with the EU.

But the EU nonetheless has issue understanding what Trump really strives for within the customs negotiations. Government representatives of each side have already indicated that the EU and the USA may scale back its tariffs to many items to zero. For instance, a free commerce settlement for industrial items is up for dialogue. But Trump primarily focuses on what he calls “non -tariff barriers”.

The deputy US Finance Minister Michael Faulkender had declared a couple of hours earlier within the Fox program “Sunday Morning Futures” that the USA was confronted with the “challenge” to barter as a block with the EU about tariffs and on the identical time sort out most of those “non-wealthy trades” in discussions with particular person European international locations, which creates a “negotiating problem”.

In order to advance the talks, the EU offered the United States a brand new commerce proposal to the United States final week. In addition, the EU commerce commissioner, Maros Sefcovic, on the telephone along with his US colleague Jamieson Greer on Friday. For the second, the EU has gained further time to proceed negotiating with the United States – and exhibiting that they converse the identical language throughout commerce.

Bloomberg/DPA/Saha

https://www.welt.de/politik/ausland/article256169354/Handelskonflikt-Hatten-ein-sehr-nettes-Gespraech-Trump-verschiebt-zusaetzliche-EU-Zoelle-bis-zum-9-Juli.html