Home World Macron calls on the EU to “resolutely defend European interests” to Trump’s...

Macron calls on the EU to “resolutely defend European interests” to Trump’s tariffs

6
0

French President Emmanuel Macron calls on the EU to “resolutely defend European interests” after Donald Trump Threat to impose a 30% tariff Almost all imported from the EU.

He said the EU should prepare for the trade war and stand up with the U.S. president, who wasn’t expected to in principle approve a 10% tariff deal with the group until last week.

“The determination to safeguard the interests of Europe is firm and firm and firm,” Macron said on social media. “In particular, this means that reliable countermeasures can be accelerated by mobilizing all available tools, including anti-stubborn tools, even if no agreement is reached before August 1.”

Other European leaders call for peace, including Italy and the Netherlands, Germany and Ireland. However, the influential German Industry Federation (BDI) said it reflects the group’s shock at Trump’s threat, and Trump’s announcement is “an industry call from both sides of the Atlantic.”

Macron’s call for a trade war is contrary to Berlin, which urges a “pragmatic” response. “The EU must now negotiate with the United States in a pragmatic way,” said German Economy Minister Katherina Reiche in a statement. “The pragmatic results of these negotiations must be reached quickly.”

Giorgia Meloni, Prime Minister ItalyPeople with good relationships with Trump said she said in a statement that she believed in a “fair deal.” “It doesn’t make sense to trigger a trade war between the Atlantic,” she said.

Dutch Prime Minister Dick Schoof said on social media that the EU must “stay united and firm” in order to reach a “mutually beneficial” agreement with the United States.

“There is no need to escalate the situation”, Ireland’s Deputy Prime Minister Simon Harris said. Trump has previously accused Dublin of stealing U.S. business Attract technology and pharmaceutical companies.

The ambassador will meet in Brussels on Sunday to discuss strategies and then discuss strategies at a trade minister summit on Monday, where close divisions may be highlighted.

The threat of 30% tariffs is seen as a negotiation strategy, but behind the scenes, many view it as a dangerous transatlantic game when many see it as a serious global instability.

Trump’s latest Salvo with his April “Liberation Day” The EU’s unfair tax on U.S. imports is claimed to be 39%, an analysis that has been widely smeared, with EU officials pointing an average of about 2.5%.

Trump’s “Liberation Day” tariff chart. Photo: Alex Wong/Getty Images

Some European Parliament members warn that if they start accepting “illegal” tariffs as new norms, Trump will come back more. “This shows that the EU is not a victim, nor is it paralyzed,” International Trade Commission member Italy MEP Brando Benifei said last week.

The German Automobile Industry Association warned of the prospect of rising costs for automakers and suppliers and said “regrettably there is a threat of further escalation of trade conflicts”.

Germany’s automotive industry has risen from a pre-existing 25% tax rate of more than 2.5% to 25% in the United States, while its steel industry has to cope with a punitive tariff of 50%.

In principle, the deal on Trump’s dining table is understood to offer potential tariffs from European automakers in the United States, including Mercedes-Benz, BMW and Volkswagen, as well as Swedish brand Volvo.

Last week Swedish finance minister says the agreement is “really bad” At the same time, it is said that the inevitable economic pain is inevitable.

EU trade is worth 1.4 euros per year, but only three countries – Germany, Italy and Irelandwith its large multinational pharmaceutical field – exports to the United States more than they import.

Confindustria President Emanuele Orsini said the EU cannot escalate. “Now we all need to be calm and keep our nerves,” he said.

But in the north of the country, Raffaele Boscaini, president of Confindustria Veneto, said that if the tariffs are high, the industry must be supported. “The EU and Italian governments will have to intervene in specific measures to support our company’s competitiveness: investment and access to credit, bureaucracy and fiscal relief, and the definition of energy policy, Boscaini, head of Masi, Amarone Wine’s leading producer, who will be subject to a 30% levied lead producer of Amarone Wine.

Source link