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Tariff Negotiations: Tensions Rise Between Trump and EU
2025-06-18 04:40:09
Politics
Trading
Economy

Tariff Negotiations: Tensions Rise Between Trump and EU

US President Donald Trump has expressed dissatisfaction with the European Union's tariff proposals, suggesting that higher tariffs may be on the horizon. While EU officials aim for a resolution by July 9, Trump's skepticism about achieving a fair agreement looms large.

In a related context, he has accused China of violating a trade agreement, creating market volatility and raising fears of significant tariff hikes. Additionally, Trump has threatened to maintain a 25% tariff on UK steel imports unless specific assurances regarding Port Talbot are met.

Although car export tariffs to the US are poised to decrease, steelmakers still face substantial barriers. Overall, these developments underline the complexities and challenges of international trade negotiations.

Related news on that topic:

New Trade Agreement between the USA and UK

A significant trade agreement has been reached between the United States and the United Kingdom, marking a pivotal moment in their economic relationship. President Trump and Prime Minister Keir Starmer have announced tariff exemptions for British steel and aluminum imports, enhancing trade opportunities. The deal also reduces tariffs on British automobiles to 10% and allows for a designated amount of steel and aluminum to enter the U.S. tariff-free. Additionally, tariffs on certain aerospace components have been diminished, benefiting British manufacturers in the sector. This agreement reflects the commitment of both leaders to strengthen bilateral trade ties, with a focus on supporting key industries. The discussions held at the G7 summit underscored the importance of collaboration in addressing broader geopolitical issues, including sanctions and regional stability. Overall, this trade pact aims to boost economic growth and solidify the partnership between the two nations.

Tensions and Diplomatic Challenges at the G7 Summit

At the recent G7 summit in Canada, US President Donald Trump sparked controversy by criticizing the exclusion of Russia from the G8. Trump contended that Russia's exclusion was a mistake and suggested it might have prevented the ongoing conflict in Ukraine. Despite his criticism, he currently opposes readmitting Russia. European leaders, including Chancellor Friedrich Merz, emphasized the need for continued sanctions to pressure Russia into negotiations, while Ukrainian President Volodymyr Zelenskyy urged the G7 to increase pressure on Russia. The summit highlighted diplomatic tensions, notably when Canadian Prime Minister Mark Carney abruptly interrupted Trump during a press conference. This incident underlined the strained relations between the US and its allies. Furthermore, Trump's early departure from the summit exacerbated concerns over his trade policies, which have created friction with Europe. The European Union, represented by Ursula von der Leyen, criticized Trump's tariffs, arguing they ultimately burden US consumers. She also addressed the growing influence of China, suggesting collaborative actions against China's dominance in global supply chains. Meanwhile, the EU is preparing counter-tariffs in response to the ongoing trade disputes with the US. The summit revealed the complexities of international diplomacy and trade amidst growing global tensions. The G7 managed to agree on a joint statement, a small triumph overshadowed by Trump's abrupt exit. These events underscore the challenges of maintaining unity and cooperation among the world's leading economies in a time of shifting alliances and trade conflicts.

Read 12 more recent news on this topic

The press radar on this topic:

zeit
17. Juni 2025 um 23:32

Trade: Trump considers EU offers in tariff dispute insufficient so far

US President Donald Trump has warned the EU that without a sufficient offer, higher tariffs should be expected. However, the European Commission aims to reach an agreement by July 9. Chancellor Friedrich Merz is optimistic that a deal will be successful, but Trump views the chances of a fair solution as slim.
sueddeutsche
18. Juni 2025 um 00:21

USA: Trump demands more concessions from the EU for tariff deal

"We are in talks, but I don't feel that they have made a fair offer so far," said Trump. European representatives such as EU Commission President von der Leyen are more optimistic.
The Street
24. Juni 2025 um 15:22

Trump accuses 'Mr. Nice guy' of violating trade agreement, markets respond

US President Donald Trump accused China of breaching a preliminary trade agreement on his social media platform, Truth Social. This comes after US Trade Representative Ambassador Jamieson Greer expressed concerns over China's non-compliance with the trade agreement. The allegations have sparked market uncertainty and raised questions about potential further tariff increases, including a possible 1000% tariff on China.
The Guardian
17. Juni 2025 um 18:41

Trump threatens to keep 25% tariff on UK steel imports over Port Talbot concerns

US President Donald Trump has threatened to keep a 25% tariff on some or all of its steel imports from the UK unless it gives specific guarantees over Tata Steel's plant at Port Talbot. The tariffs on UK car exports to the US will be reduced to 10%, but steelmakers still face 25% tariffs, which is lower than the global tariff of 50%. A deal is expected to be finalized next month after further negotiations between Trump and British Prime Minister Keir Starmer.
CW

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