Mr. Trump announced a 30% tariff on imports from the EU and Mexico, set to begin August 1. The EU has responded by postponing its response measures, aiming to continue negotiations for a trade deal. Mr. O'Brien noted that discussions between the EU and the US have been positive, expressing hope to avoid a trade war. He stated that tariffs harm economic relations, and the EU remains focused on reaching a beneficial agreement before the tariffs take effect. Uncertainty around US tariffs negatively impacts private sector investments, calling for rational negotiation approaches.
Mr O'Brien emphasized that tariffs are 'good for no one' and highlighted the EU's commitment to pressing forward with negotiations to finalize a deal before tariffs take effect on August 1.
Despite the announcement of 30% tariffs on imports from the EU and Mexico, Mr O'Brien noted that the EU and US enjoy the largest economic relationship, which benefits both sides.
Collection
[
|
...
]