CoinVoice has learned that, according to the Financial Times, the EU is pushing for a UK-style trade agreement with the US that will retain some tariffs after next month's deadline and further postpone retaliatory measures against the US.
Michael Claus, an advisor to German Chancellor Merz, stated at an event in Berlin on Thursday that he expects the EU and the US will not reach a comprehensive agreement before July 9, but rather 'a statement, somewhat like the US-UK (agreement) model.'
Claus mentioned regarding the European Commission: 'First, they want to see if there is room for consensus on the so-called 10% equivalent tariffs... and then turn to other tariffs, namely those targeting specific industries.'
Diplomats and officials familiar with the matter have indicated that early negotiations in Brussels regarding the imposition of retaliatory tariffs if Trump does not lift all measures against EU countries have weakened, as EU governments are concerned about the economic consequences and the risk of divisions within Europe on taking countermeasures. In this context, some countries led by France want 'an eye for an eye,' while others, including Italy and Hungary, wish to continue negotiations. [Original link]
