European Union negotiator says that Europe is ready to make Trump a commercial offer of 50 billion euros

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Brussels wants to increase American goods purchases by 50 billion euros to address the “problem” in the commercial relationship, as the first negotiator of the European Union said, adding that the bloc has “certain progress” towards concluding a deal.

But Maroš šefčovič, the European Union Trade Commissioner, suggested in an interview with The Financial Times that the bloc will not accept Washington with 10 percent of its goods as a fair decision of commercial talks.

The sharp tariffs are scheduled to be imposed on European Union And multiple countries in early July, leaving the bloc race to avoid a completely Atlantic trade war.

The United States and the European Union have made progress in multiple rounds of personal negotiations and phone since President Donald Trump imposed, then temporarily stopped, 20 percent. Definitions On the block, Sepkovic said. He added that his “ambition” was still forcing a “balanced and fair” deal with the White House.

Šefčovič said that the main argument he was providing to the American commercial actor Jamieson Greer and Minister of Trade Howard Lottenic was in mind the exports of American services to the European Union, which would reach the general trade deficit with Europe to about 50 billion euros.

He said this can be closed quickly with deals to buy more American products and agriculture.

“If what we look as a problem with the deficit is 50 billion euros, I think we can really … solving this problem very quickly through the purchases of liquefied natural gas, through some agricultural products such as soybeans, or other areas.”

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

But he warned that it would be “very difficult” to reach a deal “that was good and clearly acceptable for our member states and our European parliament.”

On April 2, Trump imposed at least an additional 10 percent tariff on almost all countries, with additional “mutual” duties for some commercial partners, including 20 percent on the European Union. Trump later suspended the “mutual” additional measures, giving the partners 90 days to negotiate.

Sivkovic said that the joint possible graphics that the European Union threatened by Trump was “astronomical personalities … We have clearly informed us:” This is unfair, this is not fair. “

When asked whether he would accept a 10 percent tax as a floor in commercial conversations, Sivkovic said that the European Union considered that “a very high level”, indicating that the bloc will not settle on a deal that kept the definitions at this level.

Since the announcement of a set of customs tariffs, which shocked global stock markets and borrowing costs in dollars and the United States, Trump has weakened some measures, as it provided points for sectors such as the auto industry.

“I see that there was some, let’s say, amendments or corrections,” said šefčovič. “I’m sure I was not the only person who pointed to some possible negative consequences.”

Trump’s “mutual” tariff by 20 percent against the European Union would be additional for the 25 percent sectoral tariffs on the steel in the European Union, aluminum and cars, which remain in place.

In contrast to the partial view, the European Union stopped the reprisal tariffs on 21 billion euros of American goods, including motorcycles, Harley Davidson, poultry and clothing until July 14.

The European Commission is negotiating trade measures on behalf of the 27 European Union member states.

On Wednesday evening, the committee briefed on the ambassadors of member states in areas where incentives can be provided to the United States, but also on preparations for a new package of definitions against America.

“It will not be easy, but we will work carefully with every member country to get a strong response, which will have unanimous support,” said šefčovič.

The veteran Slovak Commissioner, who said he was in constant contact with negotiators from other countries also in concluding a deal with Trump, said that the European Union was also ready to cooperate with the United States to help address the impact of increasing China’s export as a desalination of a commercial agreement.

He said: “We believe that we can actually achieve a lot together, especially the capacity of steel and aluminum that work together on semiconductors, and overcome the consequences of critical raw materials.”