Ursula von der Lin, President of the European Commission, said that the European Union has offered the United States a “zero -sack” tax plan to avoid trade war. This was determined in preparation for the first group of targeted anti -measures.
Ursula von der Lin He saidand “We showed a zero tariff for zero for industrial goods as we did successfully with many other commercial partners. Since Europe is always so good. So we keep it on the table.”
The United States imposed definitions on steel, aluminum and cars on the group 27 countries and will be subjected to 25 % Definitions On imports. Also, starting on Wednesday, almost all other goods will undergo a 20 % mutual tariff. In total, more than 380 billion euros will be affected by the products.
Oldness: European Commission President Ursula von der Lin says that the European Union is preparing to negotiate a zero deal for a zero tariff deal with the United States. pic.twitter.com/q1HAL7vwb
– Charlie Kerk (@Charliekirk11) April 7, 2025
Today, the ministers responsible for trade in Luxembourg have been gathered to discuss the European Union’s answer and its relationship with China. Most European Union ministers said that the most important thing is to start talking and avoid a complete commercial war.
Meanwhile, investors are afraid of Trump’s trade war, and financial markets around the world have lost trillion dollars or euros. In fact, European stocks decreased in one day since the Covid-19 epidemic began. This may be the reason that the European Union made this decision. Trump’s tariff works!
Revenge definitions of the European Union are still possible.
Based on trade weights, the European Union receives only 1.6 % of customs tariffs on non -agricultural American goods. But he puts a 10 % tax on American cars that were brought from other countries. The United States is the only country that still pays this tariff because TTIP has not ended.
The talks with Washington have been difficult so far. European Union Trade Commissioner Marus Sevkovic said his two -hour meeting with US officials on Friday was Frank. He told them that their taxes were harmful and unfair.
This week, the group is likely to agree to the first group of counter -measures against US imports of $ 28 billion. This includes everything from the thread to the diamond. This will be a response to the Trump tariff and aluminum, not the largest group of mutual drawings.
But even this step was annoying. Trump threatened to put a 200 % tariff on alcoholic drinks in the European Union if the group continues to put a 50 % duty on the American borbon. France and Italy, which sells a lot of wine and lives, feel anxious.
In response to the American car and mutual definitions, the mass is likely to reach 27 countries to a larger range of counter -measures by the end of April.
However, if there is a war of taxes on goods, Brussels does not have much to target Washington. In 2024, the value of American goods imported to the European Union amounted to 334 billion euros (366.2 billion dollars), while European Union exports were 532 billion euros. Of course, it is America that calls the shots.
The Dutch Minister of Trade, Reina Cliff, said, “We need to stay calm and respond in a way that spoils it. Stock markets now show what will happen if we escalate immediately. But we will be ready to take counter measures if necessary to get Americans on the table.”
The European Union fears that Asian countries will send their exports to Europe.
The committee worries about the choice of Trump and how it can affect international trade, especially in Asia. They are also concerned about the immediate impact on trade between the European Union and the United States, which can wipe billions of dollars.
Many Asian countries have been more difficult than the group as a whole. For example, Malaysia got 24 %, India 26 %, Indonesia 32 %, Thailand 36 %, Vietnam 46 %, Laus 48 %, and Cambodia 49 %.
China had a “mutual” necessity 34 % In addition to a 20 % average they already have, a total of 54 %. In short, there were no negotiations among the greatest economy.
The problem is that the prices are very high. Therefore, Brussels fears that the Asian countries whose economies depend on exports will not be able to enter their goods into the American market and will instead send them to Europe.
China is especially frightening because it is already receiving great attention to sending cheap and highly supported goods to the West. Indeed, during her speech on Monday, von der Layen said that a new business group will be created to watch how world trade changes.
She said, “We will also protect ourselves from the indirect effects through commercial conversion. For this purpose, we will create the” Import Monitoring Squad ” […] We look at what historical imports we have and have (whether) any sudden increase from a specific product or in a specific sector that we must act on. ”
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