EU trade chief Maros Sefcovic believes ongoing trade negotiations with the US will continue, despite President Trump's announcement of 30% tariffs on EU imports. He acknowledged divisions within the EU regarding how to confront the threat, with calls for a tougher stance from countries like France. Sefcovic indicated that the tariff could severely impact trade, which amounts to $5.15 billion daily. He emphasized that uncertainty caused by tariffs cannot last indefinitely, and countermeasures may be necessary if negotiations do not conclude successfully.
EU trade chief Maros Sefcovic expressed optimism about ongoing trade negotiations with the US despite President Trump's announcement of 30% tariffs on imports from the EU and Mexico.
Sefcovic stated that the 30% tariff would make continued trade with the US 'almost impossible,' highlighting the significant daily trade value of $5.15 billion.
Acknowledging calls for a tougher stance from countries like France, Sefcovic emphasized the need to end the current turmoil caused by tariff threats.
Sefcovic noted that the EU was prepared for 'all outcomes,' including considering countermeasures if trade negotiations fail to lead to an agreement.
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