Brussels’ zero-for-zero tariff offer not enough, U.S. president says, but indicates he’s open to a deal if the bloc commits to closing the trade deficit in goods.

Summary

Trump has rejected the EU’s “zero-for-zero” tariff offer on cars and industrial goods, demanding instead that the bloc commit to purchasing $350 billion of American energy to offset the trade deficit.

Following his implementation of 20% tariffs on EU goods last week, which triggered significant market downturns, Trump indicated openness to negotiations while emphasizing his “America First” stance.

He also criticized EU product standards as “non-monetary barriers” designed to block American exports.

    • Milk_Sheikh@lemm.eeEnglish
      5·
      5 days ago

      Commit to renewables. I’d advocate for a nuclear powered off-ramp from fossils whilst renewable capacity and infrastructure is built, but I get that each nation has its own history with fission.

      Energy security is fundamental for a robust society and economy - otherwise you’re subject to pipeline shutoffs/attacks, oil embargoes/quotas, or another angle for outside nations to influence or control you. For example, if you’re chill with the French and build your economic strategy around buying their surplus energy, that strategy predicated on the French having a surplus to sell you.