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The European Union for a possible wider trade war runs out if the United States transfer strategy to negotiating the definitions fails.
On April 2, Donald Trump announced that he would impose a 20 percent tariff on most of the European Union goods. These definitions enter into force on Wednesday.
The European Union is still convinced that it might be able to conclude a deal with the United States, which will persuade President Trump to decline, but the ministers have at the same time assigned the European Commission to prepare revenge measures, if negotiations with the United States fail.
A proposal for the European Union has been submitted to a “zero zero” tariff in all industrial goods in the United States and the European Union, including cars, chemicals and machines repeatedly in meetings with the Trump administration, according to the official spokesman for the European Commission.
Overnight, the American president seemed to drop this idea.
“Plan” B “European Union
Therefore, the European Union is preparing for what one minister described as a “BA” – huge counter measures.
If the European Union wants to return equal force to the United States, it will need to target 257 billion euros in US exports with tariffs or through other measures.
To put this in the context, the US steel and aluminum tariff will reach 26 billion euros in European Union exports.
The broader effect of Trump’s tariff that was announced on April 2 is about ten times.
The European Union knows that counter -measures will harm its own factory as well as Americans. And you must make sure that the pain is spreading evenly across Europe.
In other words, he must make sure that the greatest burden is not only born by the German industry or Italian agriculture only. Get this balance across 27 member states is not easy.
The European Union is scheduled to refer to the registration of the anti -carrier to reject the customs duties of the United States on steel and aluminum on Wednesday.
These revenge measures will target famous American products and major exports of the Republican red countries. “This is a high symbolic value, and this does not cost us much, but this will cost the United States.”
The final list is said to not include Borbon whiskey after pressure by the American drink industry and the European Union.
The European Union Trade Commissioner, Maroš šefčovič, admitted on Monday that the European Union’s response will not coincide with the United States because we “wanted to make sure that the burden is spreading to some extent among all member states, and as I said, we are not in the field of Tit or Penny for Penny.”
The European Commission now says it can contain a list of counter -measures that must be taken against the US tariff wider on April 2, which it gathered “early next week.”
After it failed to find a full capacity of 26 billion euros to counter the aluminum tariffs, a major challenge for the European Union is to equal 257 billion euros.
Some European Union sources urge the European Commission to think more sideways and calm the United States with measures other than customs tariffs on goods.
Great “economic pain”
Anna Kavazini, head of the European Parliament’s Internal Market Committee, told Channel 4 that the European Union should consider pursuing technology giants to increase “economic pain” to the maximum.
Ireland, where there are many of these technology giants at their European headquarters, were retreating against this idea.
The European Union also contains a nuclear option known as the Big Bazooka.
It is a device that was created again in 2023 to serve as a deterrent and has not been used at all, but if it is likely that the United States will completely cut off the commodities of the European Union, services, intellectual property rights and foreign direct investment.
This will be a tremendous escalation and the European Union member states are keen to avoid it.
“Big Bazooka is still on the table, but we hope that we do not have to use it because we are trying to avoid the big explosion,” Olof Jill said on Tuesday.
“Big Bazooka is still on the table, but we hope that we do not have to use it because we are trying to avoid a sensation” – Olof Gill
US situation
Instead, the European Union views what it can expose to the United States without giving up family silver.
European Union officials insist that reducing the health, health and environmental standards of the Union to allow American companies to be more to reach the European market are not offered.
But the idea of buying more petrochemicals, especially LNG (LNG), is located on the table.
Trump suggested that the European Union can close the trade balance deficit of $ 350 billion in one blow by buying large quantities of LNG.
The European Union says the deficit is similar to 50 billion dollars, and that half of the liquefied natural gas imports already come from the United States. But it is ready to negotiate liquefied natural gas, in exchange for reducing customs tariffs.
In November, the head of the European Commission, Ursula von der Layen, in November that the liquefied natural gas that was exported in the United States could replace what the European Union bought from Russia.
The United States did not pick up this offer, but it may reach the time of such a deal now.
Stock markets have lost billions of dollars since Trump’s tariff ads.
On Monday, Ireland’s foreign minister, Simon Harris, said that these losses, perhaps more than anything, will eventually bring the negotiating table.
A European Union spokesman said that the European Union wants to maintain the diversity of energy suppliers.
“We want to avoid excessive dependence on any one resource, we have learned our studies well,” she said.
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