Brussels’ zero-for-zero tariff offer not enough, U.S. president says, but indicates he’s open to a deal if the bloc commits to closing the trade deficit in goods.

Summary

Trump has rejected the EU’s “zero-for-zero” tariff offer on cars and industrial goods, demanding instead that the bloc commit to purchasing $350 billion of American energy to offset the trade deficit.

Following his implementation of 20% tariffs on EU goods last week, which triggered significant market downturns, Trump indicated openness to negotiations while emphasizing his “America First” stance.

He also criticized EU product standards as “non-monetary barriers” designed to block American exports.

  • AugustWest@lemm.eeEnglish
    0·
    12 days ago

    Some of the companies I have been working with were already beginning to leave. The realization that cloud pricing will only go up AND being locked into it made them very wary. Some of the planning was already underway, this may only accelerate those plans.

    • Aliktren@lemmy.worldEnglish
      1·
      12 days ago

      Great for them, there will be a lot that only just got through their first painful migrations