Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Trump pushes EU to cut tariffs or face extra duties
Economy

Trump pushes EU to cut tariffs or face extra duties

Last updated: May 23, 2025 2:40 am
Share
Trump pushes EU to cut tariffs or face extra duties
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Donald Trump’s trade negotiators are pushing the EU to make unilateral tariff reductions on US goods, saying without concessions the bloc will not progress in talks to avoid additional 20 per cent “reciprocal” duties.

US trade representative Jamieson Greer is preparing to tell his EU counterpart Maroš Šefčovič today that a recent “explanatory note” shared by Brussels for the talks falls short of US expectations, according to people briefed on his thinking.

The US is unhappy that the EU only offered mutual tariff reductions rather than pledging to lower duties alone, as some other trade partners have proposed to Washington. It also failed to suggest its proposed digital tax was a point for negotiation, as the US has demanded.

The EU has been pushing for a jointly agreed framework text for the talks but the two sides remain too far apart, according to the people familiar with the discussions.

Greer and Šefčovič are scheduled to meet in Paris next month, which is expected to be a key test of whether the two sides can avoid their trade dispute escalating. The US is determined for Brussels to adopt measures to reduce its €192bn trade deficit in 2024.

The EU-US have started exchanging negotiating documents but they have made little progress on substance since Trump announced a 90-day negotiation period. A third official briefed on the interactions said they were not optimistic about reaching any deal that avoids US levies on European imports.

See also  Trump or Harris? 2024 stakes for America's businesses

“Exchanging letters is not real progress,” they said. “We are still not really getting anywhere.”

The UK agreed a deal that kept Trump’s 10 per cent “reciprocal” tariff rate in place but secured a tariff-free quota for its steel exports and a lower levy of 10 per cent for 100,000 cars. It also had to allow more imports of US ethanol and beef.

The US levied a 20 per cent “reciprocal” rate on most EU goods in April, but halved it until July 8 to allow time for talks. It has retained 25 per cent levels on steel, aluminium, and car parts and is promising similar action on pharmaceuticals, semiconductors, and other goods.

Some EU diplomats believe that the US will maintain 10 per cent as a baseline in any deal — a prospect many EU trade ministers say would trigger retaliation.

The US views the EU’s existing offer, which would remove all tariffs on industrial goods and some agricultural products if Washington does the same, as ultimately favourable to Brussels because it uses product standards to keep out imports.

The US has sent the EU its standard terms for a deal, which includes making it easier for US companies to invest in the EU, reducing regulation, and accepting US food and product standards. It also wants national digital taxes abolished.

Sabine Weyand, the Commission’s top trade official, told ambassadors on Sunday that it wished to “counter the US’s unilateral demands with co-operative agreements”, according to a person briefed on the EU response.

It has offered to discuss mutual recognition of standards, smoothing procedures for food and animal trade, and how to ensure imports complied with international labour rights and environmental protection standards, a key US demand.

See also  Two illegal migrants federally charged in NYC shooting of off-duty CBP officer in the face

She said that while the Commission was considering further retaliatory measures every effort should be made to avoid them. The bloc has paused tariffs on €23bn of US goods during the talks and is consulting industry and governments on a list of €95bn more, including Boeing aircraft and Bourbon whiskey.

Olof Gill, EU trade spokesman, said: “The priority for the EU is to seek a fair, balanced deal with the US, one that our massive trade and investment relationship deserves.

“Both sides need to work to resolve the current tariffs situation, as well as co-ordinate strategically in key areas of mutual interest.”

TAGGED:cutdutiesextraFacePushesTariffsTrump
Share This Article
Twitter Email Copy Link Print
Previous Article Saturn Has 274 Known Moons—Thanks in Large Part to This Astronomer Saturn Has 274 Known Moons—Thanks in Large Part to This Astronomer
Next Article Megan Fox and MGK’s Baby: New Glimpse Shared by MGK Megan Fox and MGK’s Baby: New Glimpse Shared by MGK
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Astronomers Discover Mysterious Object Bursting with X-Rays

Astronomers have made a groundbreaking discovery of a mysterious object emitting bright flashes of radio…

May 29, 2025

Best Dressed At Glamour Women Of The Year & Other Events

Last week, the fashion world was abuzz with the Glamour Women of the Year event,…

October 14, 2024

President Donald J. Trump Directs Review of Certain Presidential Actions – The White House

EXAMINING EXECUTIVE AUTHORITY DURING BIDEN'S TENURE: In a surprising turn of events, President Donald J.…

June 4, 2025

Warner Bros. Discovery Acquires Stephen King’s ‘The Institute’

Warner Bros. Discovery has made a significant acquisition by securing the rights to "The Institute,"…

June 24, 2025

What would a US tariff on chips look like?

Unlock the Editor’s Digest for free The US government is set to examine the semiconductor…

April 23, 2025

You Might Also Like

Dan Ives’ AI ETF Hits B in Assets Just Five Months After Launch
Economy

Dan Ives’ AI ETF Hits $1B in Assets Just Five Months After Launch

October 31, 2025
Trump officials say, ‘Alaska is open for business. No one’s buying.
Environment

Trump officials say, ‘Alaska is open for business. No one’s buying.

October 31, 2025
Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?
Economy

Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?

October 31, 2025
Alphabet hikes capex again after earnings beat on strong ad, cloud demand
Economy

Alphabet hikes capex again after earnings beat on strong ad, cloud demand

October 31, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?