“It is easier to send a letter that says: ‘Listen, we know that we have a certain deficit, or, in some cases, an excess, but not much. And here is what you have to pay to do business in the USA,” said Trump.
“We did that with the United Kingdom and it was very good for both sides,” continued Trump. “We did that with China and I think it’s very good for both sides.”
On Thursday, Trump announced that the trading partners would like to inform the trading tariffs by letter. He announced that the tariffs would be between ten and 70 percent. There is still no agreement between the EU and the USA.
Trump systematically relies on tariffs in order to wrestle other countries in other areas. At the beginning of April, he imposed high customs for numerous states and shortly afterwards reduced them to ten percent for most countries for 90 days. During this time negotiations are to be conducted.
The deadline for the EU expires on July 9, for numerous other countries on July 8th. The states concerned are now trying to make agreements with the USA to avert higher tariffs. US officials have signaled that several trade agreements could be announced in the coming days.
The EU threatened Trump with customs surcharges of 50 percent if it did not agree with the USA by July 9, but also indicated the possibility of extending the deadline. 50 percent inch would be five times the currently valid ten percent – this basic customs set introduced by Trump for most goods is also significantly higher than the previous customs level.
EU trade commissioner Maros Sefcovic had led further negotiations in Washington this week and spoke of a “productive working week”.
Trump triggered disputes with trading partners worldwide with his customs policy. An increased US customs set of 25 percent already applies to certain products such as cars, and it is 50 percent for steel and aluminum products.
