The EU has warned that Trump's 30% tariff would have led to an end to trade between the two
U.S. President Donald Trump has announced that he will impose 30% tariffs on all European Union products from August 1. Brussels has been willing to continue negotiations, although it has left open the possibility of action if deemed "necessary."
EU Trade Commissioner , Maros Sefcovic, warned on Monday that trade relations between the European Union and the United States will cease if US President Donald Trump complies with what he said this weekend and imposes a 30% general tariff on all European Union productsfrom 1 August .
This was expressed by the Commissioner for Trade in the run-up to this Monday's meeting in Brussels of the EU's 27 trade ministers.
Sefcovic has not concealed his disappointment, but has stressed that a "negotiated solution" is still possible. In this regard, he has advanced that he will speak to US trade representatives later this afternoon.
Although he is betting on negotiation, Sefcovic believes that the EU should have 'proportionate' measures in place in case the talks fail.
The European Union decided this weekend to postpone the first package of measures to combat Trump's tariffs, valued at EUR 21 billion, to give way to negotiations.
That being the case, these will not enter into force until at least August 1.
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