The likelihood of a trade war between the EU and the USA has sharply increased, - Financial Times

US President Donald Trump has presented new terms for a deal with the European Union, proposing to impose a minimum tariff on European goods ranging from 15% to 20%. He also insists on maintaining a 25% tariff on EU cars and is exploring the possibility of introducing additional tariffs. European diplomats warn of tough countermeasures from the EU in the event of a trade war.

Sources claim that Trump insists on keeping the current 25% tariff on EU cars. Additionally, the US government is exploring the possibility of imposing 'mirror' tariffs of over 10%, even if an agreement is signed with the EU.

The European Union is considering imposing tariffs on American chicken and jeans, as well as reviewing other measures, including taxing digital services and revenues from online advertising that belong to American companies.

Conclusion

Negotiating a trade agreement between the USA and the European Union is complicated by the new terms proposed by Donald Trump. Both sides are prepared for countermeasures in case the negotiations fail, which could impact global trade and the economy as a whole.