If an agreement is not reached by August 1, the US may impose additional duties on exports from the EU – in addition to the already applicable 25 percent. for cars and 50 percent on steel and aluminum. Trump also considers to cover the tariffs of chips, medicines and parts for aircraft. In response, more and more EU member states are demanding to launch a retort package worth nearly EUR 100 billion.
Talks between the American Secretary of Trade Howard Lutnick and representatives of the European Commission lasted until late at night on Saturday. Lutnick and the Jamieson Greer trade representative are to join the talks on Sunday morning at the Luxurious Turnberry Center, belonging to Trump. The sources of the “Financial Times” report that the negotiations were tense at times.
The considered scenario assumes setting out customs of approx. 15 percent. On most American products, which would be analogous to the agreement concluded by the USA with Japan. The key disputes relate to the level of tariffs for steel, cars and pharmaceuticals.
Trump: “The EU wants to conclude a contract very much”
The US president, who came to Scotland on Friday, where he plays Golf and meets with representatives of Great Britain, stated that about 20 “inflammatory points” remained in the negotiations with the EU. He added that Brussels “wants to conclude a contract”, but he did not rule out escalation if there is no compromise.
