In Washington today, Wednesday the European Commissioner for Trade, Maros Sefcovic, In order to have separate meetings with US Commerce Minister Howard Lutnik and the commercial representative, Jameson Gre.
The meetings come after Trump overturned an agreement in principle that both sides had reached last week. It is noted that last Saturday announced that the 10% duties it has currently imposed on EU imports will increase to 30% after August 1 if there are no more concessions on the part of Europe.
The EU is working on what the UK Prime Minister of the United Kingdom Starmer has done, that is, to accept a 10%unified US tariff rate, in exchange for a relief from punitive duties in cars and steel.
Trump also threatened to impose duties on imports of medicinal products once again, warning that he would probably import low duties at the end of the month to encourage American multinationals operating abroad, including Ireland, to repatriate production.
The Ireland finance minister allegedly received a “gloomy” briefing on the future of the economy last night, taking into account the reduction in foreign investment in the future.
Lutnik’s role is to help the president to shape duties in areas that Trump threatens to target, including pharmaceuticals, semiconductors and timber
Source :Skai
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