Europe willing to make Trump a commercial offer of 50 million euros, according to the EU negotiator

Unlock White House Clock Bulletin Free

Your guide on what Trump’s second term for Washington, Business and the World means

Brussels wants to increase the purchases of North -American merchandise for 50 million euros to solve the “problem” in the commercial relationship, has said the EU’s highest negotiator, adding that the blog is making “certain advances” towards an agreement.

But Maroš Šefčovič, the EU’s commercial commissioner, suggested in an interview with The Financial Times that the blog would not accept Washington by keeping the 10 percent rates about its goods as a fair resolution for trade conversations.

Strong rates must be imposed on the Mulch And several countries in early July, leaving the block race to avoid a full transatlantic trade.

The United States and the EU had advanced through several rounds of face -to -face and telephone negotiations since President Donald Trump imposed, and then stopped, 20 percent rates On the blog, Sefcovic said. He added that “his ambition” was still a “balanced and fair” agreement with the White House.

Šefčovič said that the key argument that was making to the United States commercial representative Jamieson Greer and the Secretary of Commerce Howard Lutnick took into account the exports of North -American Services in the EU, which would mean the commercial global deficit with Europe at about 50 million euros.

He said he could close quickly with bids to buy more gas and North -American agricultural products, he said.

“If what we are considering as a problem in the deficit is 50 million euros, I think we can really … solve this problem very quickly through GNL purchases, through some agricultural products such as soy or other areas,” said Sefcovic.

“What is very important is that I think we understand each other a little better, what is their position, where do they come from? And I think they understand us a little better,” he added. “I think we have a little more understanding the figures.”

But he warned that it would be “very difficult” to reach an agreement that was “clearly good and acceptable to our Member States and our European Parliament”.

Trump on April 2 imposed an additional minimum rate of 10 percent in almost all countries, at the same time proposed “reciprocal” functions for some commercial partners, including 20 percent in the EU. Trump later suspended additional “reciprocal” measures, giving members 90 days to negotiate.

Sefcovic said that possible combined rates against the EU by Trump were “astronomical figures … We have clearly informed us:” This is unfair, this is unfair. “

Asked if he would accept a 10 percent amount as a flat in commercial conversations, Sefcovic said that the EU considered that as a “very high level”, which suggests that the block would not be content with an agreement that maintained the rates at this level.

Since announced the rate of rates, which has dragged world market markets and reached the costs of the dollar and American loans, Trump has weakened some of the measures, offering cut for sectors such as the automotive industry.

“I see that there was, let’s say -ne, adjustments or corrections,” said Šefčovič. “I am sure I was not the only one who pointed to some of the potentially negative consequences.”

The “reciprocal” rates of Trump 20 percent against the EU would have been additional for the 25 percent sectoral rates in EU steel, aluminum and cars, which remain in their place.

In exchange for partial society, the EU made a stop of retaliation rates at 21 million euros of American products, including Harley-Davidson motorcycles, birds and clothing until July 14.

The European Commission negotiates commercial measures on behalf of the 27 EU Member States. Šefčovič said that all the capitals “want us to negotiate”, but were ready to support retaliation if there were no agreement.

The Commission Wednesday evening reported deprived of the ambassadors of the Member States on areas where it could offer incentives in the United States, but also to the preparations for a new potential rate package against America.

“It will not be easy, but we will work thoroughly with all Member States to have a robust response, which would have unanimous support,” said Šefčovič.

Veteran Slovak Commissioner, who said he was in constant contact with the negotiators of other countries who also sought to agree with Trump, said that the EU was also ready to collaborate with the United States to help address the impact of China’s export rise as a sweetener for a commercial agreement.

“We believe that we can really achieve a lot together, particularly the overload of steel and aluminum working together in semiconductors, overcoming the dependencies of the raw materials critical,” he said.