The European Union flips from retaliation threats to offering ‘zero-for-zero’ tariffs with the U.S.
The post The European Union flips from retaliation threats to offering ‘zero-for-zero’ tariffs with the U.S. appeared on BitcoinEthereumNews.com.
European Union member states are expected to vote today on whether to approve tariffs on about 21 billion euros worth of U.S. goods. The bloc will decide on a return for the 25% tariffs on European steel and aluminum Trump imposed last month. Sweden’s trade minister, Benjamin Dousa, said that Brussels will also decide whether to get rid of its first retaliatory shot against U.S. President Donald Trump’s tariffs. He also noted that a qualified majority of member states would block the retaliation, which would take effect in three tranches in April, May, and December. Dousa believes the EU favors free trade EU flips from retaliation threats to offering ‘zero-for-zero’ tariffs with the US. Trump’s tariff pressure seems to be paying off-talks are back on the table. pic.twitter.com/QODuJWq2c4 — 𝐃𝐔𝐓𝐂𝐇 (@pr0ud_americans) April 7, 2025 Dousa maintained that the European Union favored free trade, including the commission’s proposal to the U.S. to mutually eliminate all tariffs on industrial goods. He said, “The U.S. is one of our closest friends in the world. We want more trade.” The politician argued that humankind has made the biggest leaps forward when goods, services, talents, entrepreneurs, and ideas move freely over the Atlantic. He also believes that a collaboration between Europe and the U.S. will allow new pharmaceuticals, more powerful robots, and exciting software. Dousa also highlighted the bloc’s assessment that the U.S. was not yet willing to negotiate about dropping its 25% tariffs on steel, aluminum, and cars, plus 20% on everything else. The minister also mentioned, “If we are forced to go forward with countermeasures, member states will support it.” The Bloc’s commissioner, Maros Sefcovic, revealed he will send his plans to retaliate against Trump’s so-called “reciprocal” tariffs early next week. EU considers using the ACI for the first time against Trump’s levies EU…
Filed under: News - @ April 9, 2025 4:19 pm