The European Union is expected to present a proposal to remove US tariffs this week, fulfilling a demand from Trump.
The European Commission aims to eliminate tariffs on American industrial goods and establish preferential tariffs for agricultural products and seafood.
247 - The European Union (EU) is expected to present a proposal this week to remove tariffs on US industrial goods, fulfilling a demand from President Donald Trump. The measure was revealed by sources close to the matter and is expected to be accompanied by legislation amending the tariffs, aiming to comply with a trade agreement between the two parties.
According to information from BloombergThe proposal also includes preferential tariffs for certain agricultural products and seafood, a concession from the EU to facilitate negotiations and establish greater stability for business within the bloc.
The European Commission, responsible for the bloc's trade issues, acknowledges that the agreement with the US favors the American side, but considers its implementation essential to ensure predictability for the markets. Ursula von der Leyen, President of the Commission, had already described the agreement as "strong, although not perfect," an assessment that reflects the complexity of the negotiations between the two powers. The agreement will be accelerated without an impact assessment, a procedure normally followed by the Commission in proposals of this type.
President Trump's proposal includes, in addition to removing tariffs on industrial goods, a review of the 27,5% tariff on exports of European cars and auto parts. If the legislation is presented by the end of this month, the 15% tariff on EU cars will be retroactive to August 1st, which would significantly favor exports, especially from Germany, which in 2024 sent US$34,9 billion worth of cars and parts to the United States.
Although the measure for automobiles generated progress in negotiations, Trump also launched threats of tariffs and other sanctions against countries that tax online services, including services from US tech giants like Google and Apple. To date, he has not specified which countries would be affected or whether the EU would be involved in this new trade conflict.
