EU Fires Back at Trump: Respect Not Threats in Trade Deal Talks

The European Union’s trade chief, Maroš Šefčovič, has responded defiantly to US President Donald Trump’s threat to impose a 50% tariff on all EU goods, saying any trade deal between the two must be based on “respect not threats”. Šefčovič emphasized that the EU is committed to securing a mutually beneficial deal, but will not be intimidated by Trump’s aggressive stance.

Trade War Escalation

Trump announced the planned tariffs, citing frustration with the slow pace of progress in trade negotiations with the EU. The new rates would take effect on June 1, further escalating tensions between the world’s largest economy and its largest trading bloc. The EU is one of the US’s biggest trading partners, with over $600 billion in goods traded annually.

EU’s Firm Stance

Šefčovič posted on X, formerly known as Twitter, after a call with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick: “The EU’s fully engaged, committed to securing a deal that works for both. The European Commission remains ready to work in good faith. EU-US trade is unmatched and must be guided by mutual respect, not threats.” European leaders have expressed disappointment and frustration with Trump’s move, warning that tariffs would harm both sides.

Reactions from European Leaders

French Trade Minister Laurent Saint-Martin said Trump’s threats do nothing to help negotiations, adding that the EU is maintaining its line of de-escalation but is ready to respond.
Italian Foreign Minister Antonio Tajani reiterated the aim of “zero-for-zero tariffs”.
Dutch Prime Minister Dick Schoof backed the EU’s strategy in trade talks, noting that tariffs can fluctuate in US-EU negotiations.
Irish Taoiseach Micheál Martin called Trump’s suggestion “extremely disappointing”, emphasizing that tariffs are damaging to all sides.

Potential Consequences

The planned tariffs have sparked concerns about the impact on global trade and the economy. Trump’s comments triggered falls in leading US stock indexes and European shares. The EU’s trade committee head, German MEP Bernd Lange, has threatened to apply counter-tariffs against the US if negotiations are unsuccessful.

Next Steps

The EU remains committed to negotiations, but is prepared to defend its interests. Šefčovič and other European leaders are working to find a mutually beneficial solution, while also warning that the EU will not be pressured into accepting unfavorable terms. The situation remains fluid, with both sides dug in on their positions.

Source: Africa Publicity