The concessions that are willing to do to Donald Trump’s government at USA plans the EU In order to secure the partial lifting of US duties that have already begun to hit EU exports and are going to increase after April 2, 2025, according to Bloomberg.
EU officials were informed at meetings this week in Washington that There is no way to avoid new car and so -called mutual duties which Trump launches next week, according to a Bloomberg report. Discussions have also begun how the outline of a possible agreement to reduce them should eventually be shaped.
This has prompted the European Commission, which handles EU commercial issues, to start working on the terms for a possible agreement, which will determine the areas of negotiations on punitive commercial measures, including Reduction of its own duties, mutual investment with the US, and relaxing certain regulations and standards, According to the same report.
Mutual duties are meant to hurt what Trump considers unjust contributions to American products, as well as non -tariffs, such as domestic regulations and the way countries receive taxes, including the value of added value of the EU, digital taxes and regulations. The EU says its VAT is a fair tax without discrimination that is equally applied to domestic and imported goods.
The euro briefly deleted its previous losses, negotiating with a slight change in a daily price of about $ 1,0794. European bonds slightly reduced their profits, with the yield of 10 -year German bonds receding by three basis points to 2.74%.
Any agreement is negotiated by his deputy chiefs should still be approved by Trump. This list of terms will form the basis for the Commission to have talks with the US after the entry into force of mutual duties, the same sources said. These duties will probably hit all or most of the EU goods exported to the US.
The US has not indicated the level of duties to implement the EU, but officials in the block are expected that the rate will range between 10% and 25%, people said. They added that any future agreement will be difficult and will not restore the status quo, but will leave EU-US trade in a worse position than it is today.
EU Commercial Head Maros Sefsovic and European Commission President Ursula von der Laienne have met with US Secretary of Commerce Howard Lutnik, US Commercial Representative of the US Council of Commerce and US Council of Commerce.
EU ambassadors were informed of the discussions this week. Talks with the US have made little progress and the EU can do little to prevent the imposition of next week’s contributions, Bloomberg said previously.
Non -tariff issues such as VAT, digital taxes and various EU regulations and food standards had a prominent position during the Washington talks, as the Trump government has focused its attacks on what it considers to be unjust barriers to US products. The EU also set the possibility of additional liquefied natural gas purchases and defense -related markets.
European officials have tried to emphasize that, although the EU has a surroundings in the US, the 27 blocs of 27 countries imports many US services, from e -commerce and social networking sites to internet search engines – all part of the US Big Tech industry. According to the committee, theEU and US companies are invested by more than 5 trillion euros (5.4 trillion dollars) in the markets of the other country.
In addition to mutual duties, the US is planning further duties in various sectors, such as metals, cars, medicines, timber and semiconductors. Trump announced a 25% contribution to cars and some car accessories this week.
Duties in the rest of the sectors are expected in the future, the same sources said. Negotiations on these sector duties can be even more complicated, as the US aims to boost US industry and return production to the US.
The toolbox of EU possible reactions also allows for duties that go beyond tariffs, including import quotes, suspension of concessions, as well as actions on public contracts, services and aspects of trade in intellectual property, said Bloomberg earlier.
The block is unlikely to respond immediately to mutual duties, as it will take time to evaluate exactly what Trump is introducing, people said. EU trade ministers are expected to meet on April 7 to discuss US measures and the possible EU response.