Trump's tariffs
von der Leyen: EU ready for tough negotiations
The EU will be ready for tough negotiations with the US after Donald Trump promised tariffs on European goods. This was stated by the President of the European Commission Ursula von der Leyen at a press conference on Tuesday.
She says that the EU's first priority is to discuss trade policy with the US, among other things to "lay the foundations for a stronger partnership".
- We will be open and pragmatic in how we achieve this. But we will make it equally clear that we will always protect our own interests, however and whenever necessary, she says.
Sources: Trump's tariff break increases EU's belief in a solution
Monday's announcement that US President Donald Trump has postponed the introduction of tariffs on Canada and Mexico strengthens the European Commission's belief that a transatlantic agreement can be reached. Bloomberg reports, citing sources.
The European Commission is thus changing its strategy and adapting its response so as not to provoke Washington, the news agency writes. Among other things, it is expected to extend a previous tariff break on American goods when the deadline is reached in March.
Last week, Donald Trump said that EU tariffs "definitely would come".
White House backs down - Trump and Xi will not talk today
Tuesday's expected talks between US President Donald Trump and Chinese leader Xi Jinping will not take place, White House trade adviser Peter Navarro said according to the WSJ.
The conversation was a chance for the leaders to agree on an agreement to pause the tariffs, just as Trump did with the leaders of Canada and Mexico on Monday, the newspaper writes.
There was no information on when the conversation would take place exactly.
On Tuesday, Trump's 10 percent tariffs on China came into effect. Shortly after, Beijing came up with plans for retaliatory tariffs.
von der Leyen: EU ready for tough negotiations
The EU will be ready for tough negotiations with the US after Donald Trump promised tariffs on European goods. This was stated by the President of the European Commission Ursula von der Leyen at a press conference on Tuesday.
She says that the EU's first priority is to discuss trade policy with the US, among other things to "lay the foundations for a stronger partnership".
- We will be open and pragmatic in how we achieve this. But we will make it equally clear that we will always protect our own interests, however and whenever necessary, she says.
Sources: Trump's tariff break increases EU's belief in a solution
Monday's announcement that US President Donald Trump has postponed the introduction of tariffs on Canada and Mexico strengthens the European Commission's belief that a transatlantic agreement can be reached. Bloomberg reports, citing sources.
The European Commission is thus changing its strategy and adapting its response so as not to provoke Washington, the news agency writes. Among other things, it is expected to extend a previous tariff break on American goods when the deadline is reached in March.
Last week, Donald Trump said that EU tariffs "definitely would come".
White House backs down - Trump and Xi will not talk today
Tuesday's expected talks between US President Donald Trump and Chinese leader Xi Jinping will not take place, White House trade adviser Peter Navarro said according to the WSJ.
The conversation was a chance for the leaders to agree on an agreement to pause the tariffs, just as Trump did with the leaders of Canada and Mexico on Monday, the newspaper writes.
There was no information on when the conversation would take place exactly.
On Tuesday, Trump's 10 percent tariffs on China came into effect. Shortly after, Beijing came up with plans for retaliatory tariffs.
Votes on Tariffs
Analysis: Trump's Tariffs Are Not Crazy - Get Ready Everyone
Tariffs against Canada and Mexico have been rolled back, but those against China have come into effect. Next in line could be the EU, where Donald Trump is reportedly considering imposing punitive tariffs of 10 percent. Although Trump is not exactly sure whether Spain is a member of the Brics - or whether it is an emerging market - one thing is certain: Take him seriously. This is what Bloomberg's Lionel Laurent writes.
Trump's way of threatening tariffs has been criticized by many, but they are not as stupid as they may seem, writes The Telegraph's Tim Stanley. He writes that the media's inability to see how the tariffs could benefit the US indicates how much "free trade has become a religion".
Stanley points out that tariffs have previously been an important means of bringing in money for the treasury and that historically they have often worked.
DI's Emanuel Sidea writes that what the president is doing now is using already well-known negotiation techniques. Back in the 1980s, when buying Mar-a-Lago, he resorted to the same tricks as in the tariff negotiations. Among other things, by creating uncertainty, applying economic pressure and waiting out the opponent.
Analysis: Trump's Tariffs Are Not Crazy - Get Ready Everyone
Tariffs against Canada and Mexico have been rolled back, but those against China have come into effect. Next in line could be the EU, where Donald Trump is reportedly considering imposing punitive tariffs of 10 percent. Although Trump is not exactly sure whether Spain is a member of the Brics - or whether it is an emerging market - one thing is certain: Take him seriously. This is what Bloomberg's Lionel Laurent writes.
Trump's way of threatening tariffs has been criticized by many, but they are not as stupid as they may seem, writes The Telegraph's Tim Stanley. He writes that the media's inability to see how the tariffs could benefit the US indicates how much "free trade has become a religion".
Stanley points out that tariffs have previously been an important means of bringing in money for the treasury and that historically they have often worked.
DI's Emanuel Sidea writes that what the president is doing now is using already well-known negotiation techniques. Back in the 1980s, when buying Mar-a-Lago, he resorted to the same tricks as in the tariff negotiations. Among other things, by creating uncertainty, applying economic pressure and waiting out the opponent.
Farage sees the EU – wants to see increased cooperation with the US
Reform UK leader Nigel Farage wants the UK to increase its cooperation on trade with the US. In an interview with the BBC's radio program "Today", he criticizes the EU and urges the UK to instead "think bigger" when it comes to trade agreements.
- We are a global trading nation. The European Union is shrinking every year and I keep hearing about what an important trading partner it is, but with each passing year it becomes smaller and smaller, he says.
Farage emphasizes that the EU is an important market for the UK but that a free trade agreement with the US would have been better
Luxembourg's Warning: "He'll Eat You If You're Weak"
Luxembourg's Foreign Minister Xavier Bettel is one of several European leaders in Warsaw for an informal meeting where Donald Trump's tariffs are on the agenda. In an interview with The Guardian, he describes what it's like to negotiate with the American president.
- He'll eat you if you're weak. He'll kill you if you don't negotiate, he says.
Bettel, who previously held the role of prime minister, also says that the EU will survive and maintain a strong economy.
- It's not in anyone's interest to try to weaken someone else, he says.
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