European Finance Ministers Trump’s surprise bends for 30% EU tariffs

The EU’s largest business partner of America is the world’s largest trading block. The US decision will be demonstrations for governments, companies and consumers on both sides of the Atlantic.

“At this stage, we should not apply to countermeasures, but we must be ready to use all the tools in the tool box,” said Denmark’s Foreign Minister Lars Lokke Rasmussen, spoke to journalists. “So we want a deal, but there’s a good saying: ‘If you want peace, you need to prepare for the war.” ”

Tariffs applied to Mexico, were appointed to start on August 1 and everything from French cheese and Italian leather goods more expensive and more expensive in Portugal economies.

In the meantime, Brussels decided to stop revenge tariffs By the end of the month, it was planned to enter into force on Monday in the hope of reaching a trade deal with Trump management.

“Reference measures”, which discussed trade deals on behalf of 27 member states, will be postponed until August 1.

Trump’s letter “Up to the first of August”, President of the European Commission Ursula Von Der Leyen spoke to journalists in Brussels on Sunday.

Maroš Šefčovič, the EU talks with the United States trade representative, said talks will continue

“Absolutely 100% sure that after August 1 is better than the tension discussed.”

“I can’t imagine the original effort. He said that the existing uncertainties caused by the baseless tariffs cannot continue indefinitely, and if necessary, we need to prepare for all the results in our transit static relations.”

Letters to the EU and Mexico are in the middle of the TRUP threat to use tariffs and tariffs in trade countries.

Trump has applied tariffs in dozens of countries in April, to discuss individual deals within 90 days. The three-month discount period began to send as the completion of this week tariff letters He threw back to the leaders, but again because they said it would be a few weeks again.

When the tariffs progressed, it can be insulated for almost every aspect of the global economy.

After the new tariffs, European leaders were mainly tied in the ranks, Calling the union, but also a constant hand not to cause more acrimons.

Last week, European caution was optimistic.

Authorities did not expect a letter to journalists on Friday as sent on Saturday, and in the commercial agreement “In the coming days”. If the EU’s talks failed in months, strong revenge was published.

Reeling from Washington, Šefčovič, Šefčovič, Šefčovič, EU “twice reduced its efforts to open new markets” and Indonesia pointed to a new economic agreement.

The EU top pirinchi will visit For Beijinga summit This month, other Pacific peoples such as South Korea, Japan, Vietnam, Singapore, Vietnamese, Singapore, Philippines and Indonesia, visited Brussels, signed a new economic partnership with the EU. In addition, Mexico is known as Mega deals and the South American United Nations Trade Block Medcosur.

While meeting with Indonesian President Sunday, Von Der Leyen, “When economic uncertainty responds to geopolitical variability, our partners should approach each other.”