European officials seem to be increasingly accepting the view that the rate of 10% to ‘reciprocal’ duties is the basis for any trade agreement Between the United States and the European Union, there were five sources knowing the negotiations.
EU negotiators are still pushing to be less than 10%, European sources said, which spoke on the condition of anonymity, however, one of the sources, an EU official, said that the negotiation of the level has become more difficult since the US has become more difficult than the US.
“10% is a thorny issue. We are pushing them, but now they have revenue, “the official said.
A second European source said there was no 10% acceptance as a basic percentage in talks, but acknowledged that It would be difficult to change or abolish this basic percentage.
A spokesman for the European Commission, the EU Executive Body, which is negotiating trade agreements on the 27 state block, did not respond to Reuters’ request for commentary. The US government also did not comment immediately.
The EU has publicly stated that it will not be compromised with a double -digit basic rate – As Britain did.
Trump has hit Europe with 50% duty on steel and aluminum and 25% duties on cars, and the EU is trying to secure a deal before July 9, when mutual duties in most other goods could increase from 10% to 50%.
With an annual trade surplus of $ 236 billion with the US in 2024, the EU has more to lose than British duties, which is not a member of the EU and has a trade deficit with the US.
Trump, who has stated that he wants to use the revenue from tariffs to help fund his bill to sweeping taxes and spending, said Tuesday that The EU does not offer a fair agreement.
Source: Skai
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