Trump, Ishiba and Trade Deal
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EU President Ursula von der Leyen agrees with President Donald Trump on China trade policies at G7, stating "Donald is right" about China's export restrictions.
President Trump left the G7 after firming up a trade deal with the United Kingdom. But he hinted at roadblocks on other fronts, saying Tuesday that Japan was being "tough" in trade talks and the European Union has failed to offer a fair deal.
Former European Commission chief Jean-Claude Juncker has criticised his successor, Ursula von der Leyen, for not engaging personally to quickly stave off Donald Trump’s trade war.
Reports the bloc might accept the U.S. 10 percent global baseline tariff are “speculative and do not reflect the current state of discussions,” an EU spokesperson said.
The comment occurred during a roundtable discussion on the global economy, where von der Leyen slammed China for disrupting global trade by imposing the tariffs internationally instead of solely on the United States.
The European Commission dismissed on Monday reports suggesting it was willing to accept a broad U.S. tariff of 10% on EU goods as speculative and said they did not reflect current discussions.
Irish goods exports declined sharply in April as President Trump's tariffs continued to have a significant impact on Ireland's trade. Businesses had rushed to sell goods to the US in the first three months of the year to avoid the impact of the tariffs which started to take effect in April.
The European Union’s power to impose retaliatory tariffs on US goods and services won a legal boost from an adviser to the bloc’s top court, as the 27-member jurisdiction continues to spar with President Donald Trump over trade.
EU leaders look set to use this weeks G7 summit to persuade Donald Trump to ease his tariff dispute which threatens severe impacts for the global economy.
The EU's goods trade surplus with the US expanded ... and battery parts. But Trump took tariff rates to another level when he returned to office. Even with tariff pauses on the steepest tariff ...
The European Union has expressed strong concern over the US decision to double tariffs on steel imports, warning of potential retaliatory measures.
The deal leaves intact Trump’s new 10% baseline tariffs, but allows limited exemptions from Trump’s 25% tariff on foreign-made cars and 50% tariffs on steel and aluminum.