Korean Talks
Image default
Finanace

EU prepared for ‘every scenario’ after Trump car tariff threat

YEREVAN, Armenia — European Union chief Ursula von der Leyen said Tuesday the bloc is “prepared for every scenario” after U.S. President Donald Trump threatened to hike levies on European cars. Trump vowed Friday to raise tariffs on EU cars and trucks from 15 to 25 percent, accusing the bloc of reneging on a trade accord struck last year — a charge von der Leyen rejected. “A deal is a deal, and we have a deal,” the European Commission president told reporters in Yerevan. “We are both implementing this deal while respecting the different democratic procedures we have on both sides.” The European Parliament has given conditional approval to the EU-U.S. trade pact, but a final version still needs to be negotiated with the bloc’s member states. The EU’s trade chief Maros Sefcovic is to hold talks in Paris Tuesday with U.S. Trade Representative Jamieson Greer, who has complained about a “very slow” EU approval process as well as amendments that would “limit the deal.” “The president decided that if the Europeans aren’t implementing the deal right now, then we don’t have to implement all of

Related posts

Trump says if the Fed doesn’t cut rates, he’ll stop trading with some nations

Claire R. Peck

Ukraine attacks Russia’s oil as Iran war raises energy prices

Claire R. Peck

Geneva Conventions exhibit explores challenges of modern war

Claire R. Peck