Brussels’ zero-for-zero tariff offer not enough, U.S. president says, but indicates he’s open to a deal if the bloc commits to closing the trade deficit in goods.

Summary

Trump has rejected the EU’s “zero-for-zero” tariff offer on cars and industrial goods, demanding instead that the bloc commit to purchasing $350 billion of American energy to offset the trade deficit.

Following his implementation of 20% tariffs on EU goods last week, which triggered significant market downturns, Trump indicated openness to negotiations while emphasizing his “America First” stance.

He also criticized EU product standards as “non-monetary barriers” designed to block American exports.

  • BananaTrifleViolin@lemmy.worldEnglish
    182·
    12 days ago

    This is just Mafia like extortion. It doesnt really matter now if/when these tariffs are undone - Trump has totally destroyed the US reputation as a reliable ally and trade partmer.

    No deal with the US is worth the paper its written on, as everything is dependent on the whims of one person.

    Presidential systems are sources of weakness and instabilty it seems. They’re no better than monarchs, and the whole system can easily be twisted into dictatorship. Look at Russia and now the US.

    • cortex7979@lemm.eeEnglish
      9·
      11 days ago

      He also crippled the trust in us tech. It will be a slow change but the EU will eventually get rid of Microsoft 365.

      • Cpo@lemm.eeEnglish
        5·
        11 days ago

        And Azure (process is already running at work) and Google workplace like things (searching for a eu partner).

    • LoveSausage@discuss.tchncs.deEnglish
      2·
      11 days ago

      It’s a classical pol sci example for how to do or not do things. Emerging democracy’s that adapts presidential systems are far easier to go back to a dictatorship than a semi presidential or parliamentary system is. So all US advisors in south America pushed for presidential systems.