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The US has threatened to hit EU agricultural exports with 17 per cent tariffs in a dramatic escalation of its commerce battle with Brussels, stated three folks briefed on the discussions.
The eleventh-hour demand got here forward of a July 9 deadline to agree a commerce deal, after which the US has stated it’s going to impose 20 per cent tariffs on all EU items if no settlement is reached.
President Donald Trump needs Brussels to provide US corporations wide-ranging exemptions from laws and to chop its commerce surplus with the US.
Maroš Šefčovič, the EU commerce commissioner, was handed the demand on Thursday in conferences in Washington and it was handed on to the 27 member state ambassadors on Friday.
Ursula von der Leyen, the European fee president, stated on Thursday that she hoped for an “settlement in precept” that may permit the perimeters to maintain speaking pending a closing deal. However Washington is pushing international locations to agree binding offers by Trump’s deadline.
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