The EU calls for US trading offer based on “respect” after Trump’s tariff threat

The Trade Head of the European Union said that a 27-membered block was dedicated to providing a US trading based on “respect” not “threats”.

He comes after American President Donald Trump threatened to send 50% of tariffs at all goods sent to the United States from the EU.

“The EU is fully engaged, dedicated to an agreement that works for both,” said EU trade commissioner Maros Seffović, after calling the US Trading Representative Jamien’s Greer and Secretary Store of the Secretary Howard Lunnick.

“EU trading has unused and must be guided by mutual respect, not threats. We are ready to defend our interests.”

Earlier on Friday, Trump expressed impatience at the pace during the EU-US trading negotiations, saying that his rising plan was set 1. June.

Publishing on its eastern platform Trump said, “Our discussions with them (EU) do not go anywhere” adding that there would be no tariffs for products built or manufactured in the USA.

“I’m not looking for an agreement,” I asked a deal, “he told reporters later, before they immediately added that a large investment in the United States could be open to storage.

The EU is one of the greatest trading partners of Washington, sending more than $ 600 billion ($ 528 billion ($ 523BN) in the goods last year and I’m buying worth $ 370 billion, emissions of American government figures.

Reacting to Trump threats, European governments warned that greater tariffs would be harmful to both sides.

“We don’t have to go down this time. Negotiations are the best and only sustainable way forward,” Ireland Taoiseach said (Prime Minister) Micheal Martin.

“We maintain the same line: De-escalation, but we are ready to answer,” said French Foreign Minister Laurent Saint-Martin.

German Minister of Economy Katherini Reiche said that “we need to do everything to ensure that the European Commission reaches a negotiated solution with the United States”.

Dutch Prime Minister Dick Schoof told reporters to support EU strategy in trade talks and “we saw before tariffs can be raised in talks with the US”.

Last month, Trump announced 20% of tariffs on most goods of the EU, but it halved 10% to 8. July to allow time for more negotiations.

The Trump’s appeals to Europe focused on its uneven trade connection, because the EU sells more goods in the United States than it purchases from America.

He blames this trade deficit on policies that says that they are unfairly towards American companies and especially raised concerns about car-related policies and agricultural products.

Trump also warned the apple that will imposed 25% import tax “at least” on the iPhone not produced in America, later expanded the threat to any smartphone.

Actions in the USA and the EU fell on Friday after the latest threats, with S & P 500 to about 0.7% and German Dac and French CAC 40 that ended more than 1.5%.