The EU has already prepared a list of tariffs worth 21 billion euros on imports of goods from the US if the two sides fail to reach an agreement. Sad agreement. This was stated by Italian Foreign Minister Antonio Tajani in front of a local newspaper.
This is the European Union's response to Donald Trump's threat to impose a 30% tariff on all imports from the community from August 1 due to the deficit in trade with it (in goods, in services the US has a giant dominance due to online giants - editor's note).
At the moment, European exports are The tax is at a rate of 10 percent, after it was raised earlier in the year. There are also higher duties on aluminum and steel products (50 percent) and on car imports (25 percent).
The European stock exchanges are largely starting the week with losses. Big deal with the car companies.
Makar from Brussels to announce that they will extend the deadline for postponing the US countermeasures in an attempt to find a solution, according to Tajani, there is real readiness for a second multi-billion dollar package of tariffs on American imports if an agreement cannot be reached.
Bilateral trade between the EC and The US will become almost impossible with the imposition of tariffs of 30 percent, said European Commissioner for Trade Maroš Šefčovič before the meeting of the EC Council in Brussels.
"We were very close to an agreement, the EC approached the negotiations in good faith, he said. We are convinced that our relations with the US suggest reaching an agreed solution. I will speak with the US later today. The impasse cannot continue indefinitely, we must be ready for any outcome, including retaliatory measures," added Šefčovič, confirming what Tajani said.
Meanwhile, Washington is making it clear that they expect the talks to continue - but in their own interests.
"These myths will become reality if "The president didn't get a deal that he thought was good enough," Donald Trump's economic adviser and National Economic Council chairman Kevin Hassett said in a television interview.