EU offers Trump removal of all industrial tariffs – POLITICO
www.politico.eu

Summary

EU Commission President Ursula von der Leyen offered a “zero-for-zero” deal to eliminate all industrial tariffs with the U.S., following Trump’s 20% tariff hike on EU goods.

The offer revives a proposal from a decade ago that was nearly finalized under the TTIP — the Transatlantic Trade and Investment Partnership — that was ultimately scuppered by Trump in his first term.

The deal would cover cars, chemicals, and other industrial goods. Trump’s tariffs have rattled global markets, with EU stocks seeing their steepest drop since COVID-19.

The EU warned it is also ready with countermeasures if negotiations fail.

    • axh@lemmy.worldEnglish
      371·
      28 days ago

      Why is that embarrassing? Trump offers trade war, EUs counterproposal is tread deal. Much better to all involved… and also Trump most likely won’t agree.

      • i_am_not_a_robot@discuss.tchncs.deEnglish
        47·
        28 days ago

        This isn’t caving. This is the deal they originally wanted, before Trump intervened in his first term. Trump will refuse, and then the EU can say “I thought you wanted fair trade” before retaliating. Maybe it’s embarrassing for the US.

      • Kami@lemmy.dbzer0.comEnglish
        13·
        28 days ago

        I’d offer war, basically. But I understand your point of view and I hope it is the better course of action.

    • Skiluros@sh.itjust.worksEnglish
      252·
      28 days ago

      I wouldn’t be so categorical. Negotiation require some level of flexibility.

      If the Americans fail to act in a good faith manner, you can always implement reciprocal tariffs later on.

      • entwine413@lemm.eeEnglish
        15·
        28 days ago

        That’s the thing. They’re not saying they’re stopping the retaliatory tariffs. They’re still going to implement them, but they’re giving Trump an out (which he won’t take)

      • Kami@lemmy.dbzer0.comEnglish
        3·
        28 days ago

        I admit being a little too extreme, but what makes them think USA could ever act in good faith at this point?

        • Skiluros@sh.itjust.worksEnglish
          21·
          28 days ago

          Fair point.

          I don’t actually think US will act in good faith. While there are a lot of sane Americans, IMO they lack gumption and risk-tolerance to address corruption and degeneracy in their society. I genuinely hope I am seriously wrong on this, but we’ll see.