The circle squeezes. The European Commission intends to close the tasks by July 9, when US suspension of mutual fees will expire. The agreement could already arrive this week and close with a percentage of 10%, after the cessation reached with Britain. From last week’s EU summit, it came clearly that many countries, from Germany and Italy, expressed themselves to close as soon as possible, to avoid companies and markets the extension of uncertainty. A deal that four will be better defined later, perhaps with the compensatory measures expected by French President Emmanuel Macron, who pressures to ‘make’ the US pay any tariff disparity. The European Commission, which dreamed of zero duties on both sides, will have to adapt to a report still focused on protectionist measures, in an attempt to reduce damage to companies and citizens to the fullest. Certainly, there is no change in the negotiation of EU legislation, starting with the rules of the DMA and DSA digital market, nor the law of law, which restrict giants and the US government.
The starting base, however, currently sees that the United States imposes 50% of EU steel and aluminum tasks, 25% on cars and a 10% base in all European imports. In any case, the EU executive is looking for “an acceptable solution for all 27 -moving states that also contributes to the complexity of negotiations,” says the first European Commission door, Paula Pinha, also questioned the fear of reprisals regarding Spanish products after Pedro Shachez’s position on the goals of ona spending. “Relating trade war and duties at this historical moment is an aberration, especially when I see the duties imposed on countries that are starting their economic recovery,” said French President Emmanuel Macron intervening at the fourth international conference on the United Nations development in Seville. A technical delegation from the European Commission is traveling to Washington to close the matter. Tomorrow will also be contacted by Commerce for Commerce, Maros Sefcovic, who reports: “We are absolutely focused on a positive result. We receive the first drafts from the proposals for the possible agreement of the principle we are working on.” “Of course we will do our best with my partner to do these negotiations progress as much as possible,” he notes. “There is a lot of discussion. At this point, I can only say that we want to achieve as much as possible, something fair to both sides, which helps companies have greater predictability and clarity. And we want to do so from the assumption that we are the two closest allies,” he concludes.
Meanwhile, Canada revoked its digital tax for technology giants, which would have entered into force today, after Trump abruptly interrupted trade interviews on Friday in response to the tax and threatened new duties on Canadian products. Decision that led Washington to immediately resume commercial negotiations with Ottawa. Meanwhile, the EU also looks for other potential partners. Today, he sent the legislative proposal of the commercial agreement with Mercosur to the Member States. On Wednesday, he will maintain the 13th Strategic Dialogue with China in Brussels, where Chinese Foreign Affairs Wang Yi will go to the Foreign Minister.
Source: IL Tempo
Emma Fitzgerald is an accomplished political journalist and author at The Nation View. With a background in political science and international relations, she has a deep understanding of the political landscape and the forces that shape it.
