Trump’s 30% tariff will “actually ban” EU trade, šefčovič said. Trump tariffs

The EU-US chief negotiator said Donald Trump’s threat of 30% tariffs on European goods would “actually ban” transatlantic trade.

EU Trade Commissioner Maroššefčovič, held talks with European ministers, saying that tariffs of 30% or more would have a huge impact, making it “almost impossible to continue” the current transatlantic trade, which is worth 4.4 billion euros (£3.8 billion).

He expressed disappointment, saying his negotiating team believes they are close to the deal. “The feeling around us is that we are very close to the deal,” he said, four weeks before Trump’s blunt announcement over the weekend, he had been negotiating a deal in principle – an overview of the deal.

The U.S. President said on Saturday EU importers will face 30% tariffs starting August 1weakening European optimism to ensure that the 10% duty of the European optimism is almost finalized.

In response to Trump’s latest deadline, the EU decided to postpone retaliatory anti-tradeers to 21 billion euros of U.S. goods, which will begin from midnight Monday to August 1.

Ministers will also discuss plans for further countermeasures against the EU’s 72 billion euros.

Denmark’s Foreign Minister Lars Løkke Rasmussen will chair the talks, saying Europe does not want a trade war with the United States, which is “destructive” for both sides. “We didn’t want to upgrade things at that time, on the other hand, we needed to flash some muscles,” he said.

France appeals Accelerate countermeasure preparation It also said that the EU should be prepared to use untested “anti-stubborn tools”, a law to take punitive measures against countries deemed to use trade as a weapon.

Germany called for a “pragmatic” response in a different tone, while Italy warned against the trade war. CEC and Eastern European countries are also worried that countermeasures may trigger US military support from Europe.

Lithuanian Foreign Minister Keṣtutis Budrys said the EU must avoid escalation, citing “Earth economic challenges” and “we must have problems with the United States such as fentanyl, etc..”

Trump accused Canada and Mexico of not doing enough to strike opioid mobility with the United States, although the issue is not yet known to be a feature of EU-U.S. trade negotiations.