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Eu plans reduce its customs:
Par Kim Mackrael. Nevertheless, Bertrand Benoit et Gavin Bade
Brussels – The European Union plans to reduce customs tariffs on a series of products imported from the United States to quickly conclude a trade agreement with President Donald Trump, according to sources close to the file. Furthermore,
EU leaders debated the magnitude of the sacrifices they are ready to consent to convince Donald Trump. Moreover, during a meeting in Brussels on Thursday evening. However, Among other concessions envisaged are the reduction of non-tariff obstacles. However, the purchase of more American products, including liquefied natural gas, and a proposal for cooperation with the United States to respond to its economic concerns about China. Furthermore,
Trade negotiations have accelerated in recent weeks after Donald Trump has threatened in May to impose customs prices of 50% on the EU. Consequently, before eu plans reduce its customs quickly accepting them and allowing the pursuit of discussions until July 9. Nevertheless,
On Thursday. Moreover, the president of the European Commission, Ursula von der Leyen, said that the United States had shared a new document for new negotiations, which the block is evaluating. Similarly,
“We are ready for an agreement,” said Ursula von der Leyen. For example, But if the efforts to find a solution fail. Therefore, she said that the block is ready to defend her interests, adding that “all the options remain on the table”. Nevertheless,
Many European officials. For example, diplomats are now resigned to the idea that the Trump administration does not intend to remove its basic customs tariffs by 10% and focus on the search for maximum exemptions in order to limit the economic consequences of these levies and other taxes, according to sources close to commercial negotiations. Therefore,
The eu plans reduce its customs conclusion of a trade agreement will probably depend on the capacity of Donald Trump. Furthermore, who said that the EU had been created to “scam the United States”, to claim a victory, added the sources. Moreover, EU member states will also have to join the agreement. For example, which will largely depend on what the United States will offer in exchange for European concessions. However,
Some of European officials wish to act quickly to obtain an agreement seek to obtain relief for the. crucial sectors that suffer from existing customs tariffs of Donald Trump.
However. the signing of an agreement which significantly favors the United States is politically difficult, according to sources close to the file, and some have argued for a firm negotiation position before the deadline.
Germany. Italy are the head of a group of countries that put pressure for a rapid preliminary agreement between eu plans reduce its customs the EU and the United States. Such an agreement could hold on only a few pages. according to sources close to the file, and be updated later during detailed follow -up negotiations.
The German chancellor, Friedrich Merz, criticized this week the EU negotiation process, which he described as “far too complicated”. Speaking at an industrial conference on Monday. he said that “negotiating 400, 500 or 600 different customs codes with the Americans now is not the right time for the bad question”.
Instead. said Merz, the EU should focus on obtaining exemptions from basic prices for certain products such as cars, chemicals, pharmaceuticals, machines, steel and aluminum.
An option envisaged by the block to treat certain sectors is a system known as tariff contingents. which allows companies to export a determined quantity of products at a lower or zero rate before the law passes to a higher eu plans reduce its customs level, according to sources close to the file. The United Kingdom’s agreement with the United States includes a provision providing a rate of 10% out of the first 100. 000 cars exported to the United States before the law increases to 25%.
Despite the progress made in the negotiations in recent weeks. significant stumbling blocks remain, in particular concerning requests from the United States that the EU modifies some of its policies to remedy that the Trump administration describes as non-tariff obstacles.
The office of the American representative on trade last week a document he described as a “agreement on reciprocal trade” project which describes a certain number of EU concessions on non -tariff issues. in particular digital regulations and environmental rules.
Although the document is qualified as a project of agreement. people close to the administration said that they considered it as an offer to the eu plans reduce its customs EU, rather than the draft of a final agreement. The White House refused to comment, and the USTR did not respond to a comment request.
The chairman of the commission. Ursula von der Leyen, seemed to reject certain elements of this document at the start of the week, claiming that the sovereign decision -making process is “absolutely untouchable”, while adding that the two parties discussed standards, a reference to efforts to harmonize technical requirements for products.
Matthias Jorgensen. a senior EU trade official, told European legislators this week that the block could seek means to facilitate compliance with its rules, “but modify them is a clear red line”.
Some EU member states have favorably welcomed the idea of reducing non -pricing obstacles. as this could alleviate the bureaucratic burden of companies and boost exchanges within the EU. The block has already taken measures to soften some of eu plans reduce its customs its rules in order to strengthen its competitiveness.
Other American requests are considered to be unrealistic by the block officials. in part because they would require long and politically difficult changes in existing legislation.
EU officials insisted that any agreement must be mutually beneficial. potentially involve concessions from the United States on their own non-tariff obstacles. The block also hopes that existing sectoral customs tariffs provided by the United States. which currently target cars, steel and aluminum, be deleted or reduced.
The European position is complicated by divergent points of view within the block on possible reprisals if the. two parties do not reach an agreement.
The European Commissioner in charge of the Industrial Strategy. Stéphane Séjourné, told the French newspaper the Grand Continent in an interview published Tuesday that it could be in the EU’s economic interest to retaliate if the European aircraft manufacturer Airbus eu plans reduce its customs is confronted at customs tariffs of 10% and that his American competitor Boeing is not. But that might not be true on other questions. he said, “in particular with regard to complex value chains, where reprisals could affect jobs or the fabric of our relationships”.
The EU continued to prepare countermeasures against the United States in the event that negotiations fail, officials said. The block previously approved a set of customs tariffs which would aim at 21 billion euros in American imports. Additionally, the equivalent of around 24 billion dollars, and completes a second list which could reach 95 billion euros.
This article has been automatically translated from English to French by artificial intelligence technology. The English version must be considered the official version of this article. Please send an email to [email protected] if you have comments on this translation.
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(END) Dow Jones Newswires
eu plans reduce its customs June 26, 2025 19:31 ET (23:31 GMT)
(END) Dow Jones Newswires
June 27, 2025 00:55 ET (04:55 GMT)
Eu plans reduce its customs
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