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Reuters
7 days ago
- Business
- Reuters
Europe should activate countermeasures against Trump tariffs, lawmaker says
BERLIN, July 12 (Reuters) - A senior European lawmaker said on Saturday Brussels should react immediately with countermeasures against U.S. President Donald Trump's "outrageous" threat to hike tariffs on imports from the European Union. The EU had been negotiating intensively with Washington for more than three weeks and had made concessions, said Bernd Lange, the head of the European Parliament's trade committee. The bloc had also suspended all countermeasures after the U.S. imposed an initial tariff of 20% on European imports in April. "It is brazen and disrespectful to increase the tariffs on European goods announced on April 2 from 20% to 30%," Lange told Reuters. "This is a slap in the face for the negotiations. This is no way to deal with a key trading partner," he added. Europe should make it clear that these "unfair trade practices" were unacceptable, Lange said. "We have postponed the first stage of our countermeasures for the time being, but I am firmly convinced that they must now be implemented immediately," he said. "The first list of countermeasures must be activated on Monday as planned, and the second list should also follow quickly."
Yahoo
7 days ago
- Business
- Yahoo
Europe should activate countermeasures against Trump tariffs, lawmaker says
BERLIN (Reuters) -A senior European lawmaker said on Saturday Brussels should react immediately with countermeasures against U.S. President Donald Trump's "outrageous" threat to hike tariffs on imports from the European Union. The EU had been negotiating intensively with Washington for more than three weeks and had made concessions, said Bernd Lange, the head of the European Parliament's trade committee. The bloc had also suspended all countermeasures after the U.S. imposed an initial tariff of 20% on European imports in April. "It is brazen and disrespectful to increase the tariffs on European goods announced on April 2 from 20% to 30%," Lange told Reuters. "This is a slap in the face for the negotiations. This is no way to deal with a key trading partner," he added. Europe should make it clear that these "unfair trade practices" were unacceptable, Lange said. "We have postponed the first stage of our countermeasures for the time being, but I am firmly convinced that they must now be implemented immediately," he said. "The first list of countermeasures must be activated on Monday as planned, and the second list should also follow quickly." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
EU struggles to secure immediate tariff relief in US trade talks, says Lange
-- The European Union is working toward a trade agreement with the United States but faces challenges in securing immediate tariff relief and protection against new trade measures, according to Bernd Lange, head of the European Parliament's trade committee. Speaking on Wednesday, Lange indicated there might be room for understanding on tariffs affecting steel, automobiles, and potential exceptions from baseline tariffs. While not directly involved in negotiations, Lange maintains contact with the negotiating team. The European Commission is aiming to reach a framework agreement with the United States by August 1, representing the interests of all 27 EU member states. Currently, the EU faces significant U.S. tariffs: 50% on steel exports, 25% on cars, and a general 10% tariff on most other exports. Additionally, a 50% tariff on imported copper is imminent, with new levies expected soon on semiconductors and pharmaceuticals. Lange stated these tariffs are unacceptable to the EU as they target the bloc's industrial development. He identified two main priorities in the negotiations: securing lower tariffs immediately upon reaching a framework agreement rather than waiting for a final accord, and establishing a "stand-still clause" that would prevent further U.S. trade measures against the EU. According to Lange, the United States has not yet made any commitment on these critical issues. Related articles EU struggles to secure immediate tariff relief in US trade talks, says Lange Trump plans tariffs on chips, drugs Canada orders deep spending cuts as defense budget swells, Bloomberg reports Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Zawya
09-07-2025
- Business
- Zawya
EU is pushing for early US tariff relief, 'stand-still' clause, says senior lawmaker
The European Union may be nearing a trade agreement with the United States but is struggling to obtain immediate tariff relief and a commitment not to introduce new measures, the head of the European Parliament's trade committee said on Wednesday. "I see that there might be a corridor for some understanding in the tariff situation on steel, on cars and of course, also regarding some possible exceptions from the baseline tariffs," said German Social Democrat Bernd Lange, who is not part of the EU's negotiating team, but is in touch with those involved. The European Commission, which has been negotiating on behalf of the 27-nation bloc, is pushing to reach a framework agreement with the United States by August 1. It currently faces 50% U.S. tariffs on its steel exports, 25% on cars and a broad 10% tariff on most other exports. A 50% tariff on imported copper is imminent, with levies due soon for semiconductors and pharmaceuticals. These were not acceptable for the EU, Lange said, as they targeted the bloc's industrial development. Lange said the main issues in negotiations for the EU were to secure lower tariffs at the point of reaching a framework agreement, rather than waiting weeks or months for a final accord, and a "stand-still clause" meaning it would not face further measures. He said so far the U.S. had not provided any commitment on these matters. (Reporting by Philip Blenkinsop; Editing by Sharon Singleton)
Yahoo
09-07-2025
- Business
- Yahoo
EU is pushing for early US tariff relief, 'stand-still' clause, says senior lawmaker
BRUSSELS (Reuters) -The European Union may be nearing a trade agreement with the United States but is struggling to obtain immediate tariff relief and a commitment not to introduce new measures, the head of the European Parliament's trade committee said on Wednesday. "I see that there might be a corridor for some understanding in the tariff situation on steel, on cars and of course, also regarding some possible exceptions from the baseline tariffs," said German Social Democrat Bernd Lange, who is not part of the EU's negotiating team, but is in touch with those involved. The European Commission, which has been negotiating on behalf of the 27-nation bloc, is pushing to reach a framework agreement with the United States by August 1. It currently faces 50% U.S. tariffs on its steel exports, 25% on cars and a broad 10% tariff on most other exports. A 50% tariff on imported copper is imminent, with levies due soon for semiconductors and pharmaceuticals. These were not acceptable for the EU, Lange said, as they targeted the bloc's industrial development. Lange said the main issues in negotiations for the EU were to secure lower tariffs at the point of reaching a framework agreement, rather than waiting weeks or months for a final accord, and a "stand-still clause" meaning it would not face further measures. He said so far the U.S. had not provided any commitment on these matters. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
