The European Union is mobilizing to preserve its economy in the face of commercial pressure exerted by Donald Trump. The offer of EUR 50.4 billion would be discussed to calm tensions. More details in the following paragraphs!
In short
- The EU offers EUR 50.4 billion in US purchases to prevent Trump’s trade war.
- Brussels rejects an unbalanced agreement and threatens to restore suspended customs duties.
A courageous maneuver for stabilizing the transatlantic economy
The EU offersIncrease your imports of American goods Up to 50.4 billion euros. Target? Distort the trade war that will currently be created between Europe and the United States.
This ambitious plan would focus primarily on liquefied natural gas and agricultural products and soybeans. Obviously, it also applies to other strategic sectors.
The initiative, which is transmitted by the European Commissioner Maroš Šefčovička, is more precisely trying to balance the trade balance with the United States. But that’s not all. This would also allow consolidate the transatlantic market.
“If the problem falls to 50 billion euros, we can solve it very quickly”He said with a focus on targeted agreements. However, the EU remains solid at one point. In fact, it refuses to maintain a total obligation of 10 % as a basic threshold. This level is considered “very high” and incompatible with sustainable economic growth.
A red line against American protectionism
Brussels The party of its customs duties 14 July Retaining for EUR 21 billion in American products. This includes Harley-Davidson motorcycles and poultry. However, this suspension remains conditional. If no agreement is reached, the EU could actually pay off in a coordinated manner.
The European Commission operates on behalf of 27 Member States, all joined against unilateral protectionism in Washington. In parallel, it is preparing a possible new price package. Which proves it European economy He is ready to defend himself.
To alert tensions, Brussels also offers cooperation on semiconductors and critical raw materials. All in the spirit of shared resistance to China!
The EU face the rise in tension and tries to maintain its economy without giving up US pressure. This commercial settlement could redefine the balance of international trade.
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My name is Ariela and I’m 31 years old. I have been in the area of writing a website for 7 years. I have discovered discovery and cryptocurrency for only a few years. But it is a universe that interests me a lot. And subjects treated in the platform allow me to learn more. In my free time, the singer also cultivates a great passion for music and reading (and animals!)
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
