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The trade between the EU and the USA will be “almost impossible” if Donald Trump imposes the 30 percent tariffs he threatened, said the block commissioner.
Maroš Šefčovič’s comments before a meeting of the EU Minister of Trade on Monday came after the US President warned At the weekend that he would impose tasks at this level at this level from August.
“If you speak over 30 or more than 30 percent, it will have a big impact on the trade,” said Šefčovič. “It will be almost impossible to continue to act as we are used to in a transatlantic relationship.
“Transatlantic supply chains would be severely affected on both sides of the Atlantic. Show me an industry leader who is happy about this tariff policy,” he added.
Šefčovič The EU Minister will inform about the talks with the USA in Brussels on Monday at a meeting in Brussels, while the block looks at possible retaliation.
He told reporters before the meeting: “The feeling on our side was that we were very close to an agreement.”
But Trump confused Brussels – and some EU officials say his own negotiators – with his letter, which contains the new tariff threat, which was sent on Saturday on his social platform of truth.
Trump’s so-called mutual tariffs were originally set to 20 percent in April and then dropped to 10 percent to grant time for negotiations before the president announced the latest 30 percent threat.
Šefčovič said he would speak to the US Minister of Trade Howard Lutnick on Monday afternoon to drive a deal.
However, diplomats also expect that he will propose a new package of possible retaliation tariffs against the United States to the EU member states. They will cover around 72 billion euros in annual US imports, said two diplomats after the governments were used for some exception of an original list of € 95 billion.
The Commission delays a separate plan to achieve EUR 21 billion in annual US imports-as a reaction to Trump’s separate tasks for imports of steel, aluminum and cars from the EU to mid-August to enable time for discussions.
Šefčovič said that the introduction of 30 percent mutual tariffs would mean that the EU had nothing to lose if Trump escalated with even higher numbers in response.
“Thirty or something over 30 percent-Jede additional counter reaction from the United States Hat more or less the same effect. In practice, it practically prohibits the trade,” he said.
Larger Member States hesitated the USA out of fear of provoking Trump, stringing back.
Friedrich Merz, the German Chancellor, and Giorgia Meloni, the Italian premier, both addressed the prospects of a negotiated deal and warned on the weekend of a trade war.
In his letter, in which the tasks of the European Commission President Ursula were announced by the Leyen, Trump said that the US would increase tariffs over 30 percent to meet all the EU retaliatory lines.
Lars Løkke Rasmussen, the foreign minister of Denmark, who has the rotating presidency of the EU, said the block consider measures against services.
He said the EU should also consider using its most powerful tool, the anti-Cocion instrument (ACI), which is referred to as “Trade Bazooka”. The ACI enables the EU’s executive arm to impose restrictions on Trade In services when it finds that a country uses tariffs for goods to force changes to the guidelines.
“If you want peace, you have to prepare for the war,” said Rasmussen.
But the Leyen said on the weekend that it wasn’t time to use the ACI.
Šefčovič also said on Monday that Brussels consulted other “like -minded” trading partners about a coordinated reaction without naming countries.
Trump has raised the majority of the world 10 percent “mutual tariffs” as well as 50 percent national security tariffs on steel and aluminum and 25 percent for vehicles and parts. So far, only Great Britain, Vietnam and China have partially agreed contracts with Washington, whereby the latter two are still enclosed in high tariffs.
