The European Union said that it agreed to accelerate negotiations with the US, a signaling way a more affordable approach to days after the President Donald Trump criticized the US negotiation block.
“It’s a new incentive for negotiations,” said Paul Pinho, European Commission’s spokesman, Monday, after the Ursula Von Der Leien Chairman talked with Trump phone. “They agreed to quickly monitor trade negotiations and stay in close contact.”
After the call, Trump extended the deadline to hit the EU with 50% tariffs for more than a month to 9. July to allow more negotiations. “We had a very nice call and I agreed to move him,” Trump told reporters on Sunday.
Previous conversations were beset with a multitude of problems, without a clear road to find the middle ground that will reduce them both. Europeans complained that it was not clear what he was now or even who speaks for the American president, and now they said that the EU was unfairly the target of American companies and regulations.
The EU Trading Head of EU MAROS SEFCOVIC was expected to speak with US Secretary Howard Lunnicka on Monday. EU ambassadors also scheduled that Mondays are held on Monday for the last minute to discuss the latest achievements with the Commission.
The American and European capital capital capitals climbed asian stocks on Monday. The dollar varied after falling to the lowest level since December 2023. years.
Trump 50% of tariff threats would hit 321 billion of American products in the amount of $ 321 billion, lowering the gross domestic product near 0.6% and increasing the prices for more than 0.3%, according to Bloomberg economy budgets.
After the initial exchanging of works, now they rejected a Proposal sent The Commission, which is handled by trade issues on behalf of 27 EU Member States. The EU has offered together to remove tariffs to industrial goods, to reinforce access to some American agricultural products and to develop and developed centers, Bloomberg reported.
While the EU said that its priority was to find a negotiable solution with the US, also prepares for revenge if necessary.
The EU has approved tariffs to 21 billion euros ($ 23.9 billion) American goods in response to Trump metals that can be quickly applied. They target politically sensitive American states and include products such as soybeans from Louisiana, home to the house speaker Mike Johnson, as well as agricultural products, poultry and motorcycles.
Bloc also prepares an additional list of tariffs to 95 billion euros of American products. These measures, which are the answer to Trump “reciprocal” imposes and cars, would target industrial goods, including Boeing CO.. Flight, American cars and Bourbon.
Some Member States are invited to cold heads such as the deadline tariffs near. German Minister of Economy Katherini Reiche said that the EU and we need “to calm down” in front of the conversation.
“We need to find a common basis. It must be a goal,” said Reiche on Heansblatt on Monday in Heilbronn. At the same time, the United States must realize that the tariffs hurt them and she said. “There are still six weeks to find a solution,” Reiche said.
This story is originally presented Fortune.com
