The European Commission had initially aimed for a deal that would maintain a 10% US tariff on most EU exports, with minor concessions. However, prospects dimmed after President Donald Trump threatened to raise tariffs to 30% by August 1. EU Trade Commissioner Maros Sefcovic described such a hike as effectively blocking transatlantic trade.
The US has also rejected an EU request for a “standstill” agreement preventing further tariffs post-deal, citing national security concerns under Section 232. This has shifted sentiment among EU nations, which now favour stronger countermeasures despite preferring a negotiated solution.
France has long supported using the tool, while others view it as a last resort. European Commission President Ursula von der Leyen cautioned that the mechanism was meant for “extraordinary situations,“ adding, “We are not there yet.” However, Germany and other nations are increasingly open to the idea, signalling growing support for tougher action. - Reuters
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