European Fee President Ursula von der Leyen and Mexican President Claudia Sheinbaum, in response to President Trump’s newest tariff announcement, say they’re open to commerce talks however will not rule out taking countermeasures.
Trump in his Saturday letters to von der Leyen and Sheinbaum introduced a 30 p.c tariff price on items imported into the U.S. starting Aug. 1, after an preliminary 90-day pause and deadline delay lapses on the import taxes.
“Imposing 30 percent tariffs on EU exports would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic,” the European Union (EU) chief wrote in an announcement.
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“Few economies in the world match the European Union’s level of openness and adherence to fair trading practices,” von der Leyen continued. “The EU has consistently prioritized a negotiated solution with the U.S., reflecting our commitment to dialogue, stability, and a constructive transatlantic partnership.”
Nonetheless, the European chief mentioned the fee is open to working towards an settlement earlier than the newest deadline arrives.
“We remain ready to continue working towards an agreement by August 1,” von der Leyen wrote. “At the same time, we will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required.”
She added, “Meanwhile, we continue to deepen our global partnerships, firmly anchored in the principles of rules-based international trade.”
Sheinbaum on Saturday mentioned Mexican leaders met with the Trump administration on Thursday to debate “issues of security, migration, border and water management.”
“We mentioned at the meeting that this was an unfair deal and that we disagreed,” she wrote in an announcement, in response to translation. She added later, “In other words, Mexico is already in negotiations.”
In April, Trump hit the EU with a 20 p.c tariff. Following his “Liberation Day” announcement, von der Leyen mentioned the fee was open to commerce discussions. Later within the month, she lashed out at Trump, accusing him of leaning on an “unpredictable tariff policy.”
The president has up to now claimed the EU has been unfair to the U.S. and argued that the bloc of countries was created to “screw” America. A number of of the union’s member states — together with Germany, Italy, France and the Netherlands — are thought-about prime buying and selling companions.
Mexico, which is the U.S.’s prime buying and selling companion, together with Canada earlier this 12 months have been slapped with 25 p.c tariffs — except for items lined below the U.S.-Mexico-Canada commerce settlement. Sheinbaum and Trump have additionally clashed up to now over the import taxes.
In her assertion Saturday, the Mexican chief mentioned commerce talks have been centered on seeking to defend corporations and jobs “on both sides of the border.”
Trump in current days started sending letters to varied nations with new tariff charges set to start on Aug. 1. The duties on items coming into the U.S. have hit prime commerce companions and poorer nations alike as he reorients the nation’s commerce coverage.
To this point, the leaders of 25 nations have obtained letters with up to date “retaliatory” tariff charges starting from 20 p.c to 50 p.c.
Whereas he initially mentioned the August date was “not firm” for imposing the taxes, the president has since doubled down on the deadline — although the Trump administration has left open the door for extra commerce offers.
Trump has thus far introduced only one official settlement with the UK in addition to frameworks for offers with China and Vietnam.
