Brussels has seen contradictions between new border taxes and the EU-US trade treaty and has asked Trump for clarification
Brussels calls on the US to respect the treaty reached by both sides in August: "A deal is a deal."
The US Supreme Court 's annulment of Donald Trump's border taxes and the US President 's imposition of new rates of 15% have caused an earthquake in international trade that had previously been sufficiently disrupted. In the midst of the chaos, Brussels has admonished the US, urging it to "make clear" its steps in this matter from now on.
In fact, the European Commission and the US signed a trade treaty in Augustwhereby the European Union (EU) adopted a 15% general tax and, in return, US industrial goods would not be taxed.
Trump's latest announcement, however, does not allow for a "fair, balanced, and mutually beneficial" condition, the European Commission noted in a statement today.
The warning was issued yesterday by the President of the European Parliament's Trade Committee, Bernd Lange, who even proposed suspending the August trade treaty because, in his view, 'the situation is chaotic, nobody understands anything anymore'.
"A deal is a deal, "the European Commission added today. " As the US's most important trading partner, we are confident that the US will honour the commitments set out in the treaty as the EU fulfils its own. "
Despite the warnings, Brussels has stressed that its priority is' to ensure a stable, predictable trade situation ', for which it maintains a' close and permanent 'relationship with the US administration.
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