Protesters protest against Trump’s visit to Scotland
To many of the United States business partners, he imposed the August 1st period to reach an agreement that would avoid high tariffs, some of which are already being imposed. The White House gave no details about the meeting or the terms of the agreement that seems to be emerging.
On Thursday, the European Commission said that a commercial solution negotiated with the United States was near. According to European diplomats, a possible agreement between Washington and Brussels would probably include 15% rates on imported European products to the United States, similar to the United States and Japan, as well as 50% European steel and aluminum rates.
A global rate of 15% would be half of the 30% rate that Donald Trump threatened to impose EU products from August 1. It is unclear if Washington will agree to exempt the EU of sectoral tariffs on cars, pharmaceutical products and other goods that have already been announced or are pending.
Combining goods, services and investments, the EU and the United States are by far the largest business partners in the world. The American Chamber of Commerce in Brussels warned in March that any conflict would endanger the $ 9.5 trillion business relationship.
The American president should also meet with British Prime Minister Keir Strmer on Monday. On his flight, the Republican said the visit would be a moment of “celebration” in commerce, after the agreement signed in June with the United Kingdom, which provides reduced tariffs for British products. The British leader, however, still expects to ensure reduced tariffs on steel and long -term aluminum.
Recently, the president said he was “anxious” to complete “trade agreements with both parties!”
