The EU was hit with a 30% tariff effective August 1 over the weekend.
EU's trade chief Sefcovic on the trade talks with the US does not sound all that optimistic saying:
President Trump is walking a fine line with his belief that inflation will remain contained despite the imposition of broad trade tariffs. At the same time, he’s touting the fiscal benefits of those tariffs, which are filling Treasury coffers with what he views as long-overdue revenue. Trump has made it clear that he’s enthusiastic about the financial windfall, often emphasizing the inflow of funds with characteristic flair.
The strategy appears to be one of maintaining tariffs at relatively high levels—perhaps slightly below the “Liberation Day” rates, but still close enough to exert leverage. This leaves room for countries to negotiate lower rates, yet the underlying message remains that there will always be some cost for access to the U.S. market. In Trump's view, trade has been imbalanced for decades, and the new tariff regime is a way of evening the scales.
He’s also reframing tariffs not merely as punitive measures, but as a kind of tax for doing business in the United States. This tax, he argues, should be paid by foreign companies that benefit from access to the American consumer. The only way around it, according to Trump, is for those companies to fully produce and sell their goods within the U.S.—a move that would eliminate imports and, with them, the tariffs.
By the way, he is done with defense for free to defend democracy. Having countries support NATO, he will be happy to defend democracy by selling defense to NATO.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about eu s sefcovic on trade talks it takes two hands to clap was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( EU's Sefcovic on trade talks: It takes two hands to clap )
Also on site :
- Go Inside BTS ‘Tonight Show’ Taping, From Fan Jump-Scares to Jimmy Fallon Angling to Be ‘The 8th Member’
- Chip Taylor Dies: ‘Wild Thing’ Songwriter & Angelina Jolie’s Uncle Was 86
- Lord of the Rings Trilogy Has Many Elements That Are Difficult to Watch in the Modern Day