Brussels’ zero-for-zero tariff offer not enough, U.S. president says, but indicates he’s open to a deal if the bloc commits to closing the trade deficit in goods.

Summary

Trump has rejected the EU’s “zero-for-zero” tariff offer on cars and industrial goods, demanding instead that the bloc commit to purchasing $350 billion of American energy to offset the trade deficit.

Following his implementation of 20% tariffs on EU goods last week, which triggered significant market downturns, Trump indicated openness to negotiations while emphasizing his “America First” stance.

He also criticized EU product standards as “non-monetary barriers” designed to block American exports.

    • Skua@kbin.earth
      23·
      17 days ago

      Coordinate with China on this shit. The EU and China may have their differences, but they have a common goal here and together they substantially outweigh the US

      • Cryan24@lemmy.worldEnglish
        20·
        17 days ago

        I think there is a possibility for an EU, China, Canada plus others… agreement to smooth over the gap from loss of US trade.